Solved

Which of the Following Statements Exemplifies the Ability of a Settlor

Question 9

Multiple Choice

Which of the following statements exemplifies the ability of a settlor to use a trust to in relation to levels of taxation?


A) A trust can be used to avoid any tax payments whatsoever.
B) A trust can be used to help reduce any tax payments, but it is increasingly difficult to do so
C) A trust can only be used to avoid or minimise payments of inheritance tax.
D) A trust can be used to minimise liability to all taxes, except capital gains tax.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions