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AAFM CTEP Exam With Confidence Using Practice Dumps

Exam Code:
CTEP
Exam Name:
Chartered Trust & Estate Planner (CTEP) Certification Examination
Certification:
Vendor:
Questions:
472
Last Updated:
Feb 13, 2025
Exam Status:
Stable
AAFM CTEP

CTEP: AAFM Certification Exam 2025 Study Guide Pdf and Test Engine

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Chartered Trust & Estate Planner (CTEP) Certification Examination Questions and Answers

Question 1

As per Section 164(1) a trust for the benefit of an unborn person is liable to income tax at maximum rate of Income Tax, currently_________.

Options:

A.

30%

B.

40%

C.

50%

D.

Depends on the value of Trust

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Question 2

__________ is a arrangement wherein lessee and lessor agree to a payment schedule where for a set period of time, there is no payment and penalty.

Options:

A.

Skip Lease

B.

Pre-Paid Purchase Lease

C.

Sub-Lease

D.

Operating Lease

Question 3

Which of the following statement(s) about codicil is/are correct?

Options:

A.

Only (i)

B.

Both (i) and (iv)

C.

(i),(ii),(iii) and (iv)

D.

(i),(iii) and (iv)