(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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(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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