(c) Suggest ways in which each of the six problems chosen in (a) above may be overcome. (6

(c) Suggest ways in which each of the six problems chosen in (a) above may be overcome. (6

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(ii) Comment on the figures in the statement prepared in (a)(i) above. (4 marks)

(ii) Comment on the figures in the statement prepared in (a)(i) above. (4 marks)

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(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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