(ii) State when the inheritance tax (IHT) calculated in (i) would be payable and by whom.

(ii) State when the inheritance tax (IHT) calculated in (i) would be payable and by whom.

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(ii) Advise Mr Fencer of the income tax implications of the proposed financing arrangement

(ii) Advise Mr Fencer of the income tax implications of the proposed financing arrangement

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(b) Explanations of the various matters. (11 marks)

(b) Explanations of the various matters. (11 marks)

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(ii) The shares held in Date Inc and the dividend income received from that company. (7 ma

(ii) The shares held in Date Inc and the dividend income received from that company. (7 ma

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(ii) The use of the trading loss of Tethys Ltd for the year ending 31 December 2008; (6 ma

(ii) The use of the trading loss of Tethys Ltd for the year ending 31 December 2008; (6 ma

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