(b) Calculate the inheritance tax (IHT) liability arising as a result of Christopher’s death. (11 marks)

[试题](b) (i) Calculate the inheritance tax (IHT) that will be payable if Debbie were to die today (8 June 2005).A．ssume that no tax planning measures are taken and that there has been no change in the value of anyof the assets since David’s death. (4 marks

[试题](ii) State when the inheritance tax (IHT) calculated in (i) would be payable and by whom. (2 marks)

[试题](c) (i) Explain the inheritance tax (IHT) implications and benefits of Alvaro Pelorus varying the terms of hisfather’s will such that part of Ray Pelorus’s estate is left to Vito and Sophie. State the date by which adeed of variation would need to be

[试题](b) Calculate the corporation tax (CT) liabilities for Alantech Ltd, Boron Ltd and Bubble Ltd for the year ending31 December 2004 on the assumption that loss reliefs are taken as early as possible. (9 marks)

[试题](b) Calculate the amount of input tax that will be recovered by Vostok Ltd in respect of the new premises in theyear ending 31 March 2009 and explain, using illustrative calculations, how any additional recoverable inputtax will be calculated in futur

[试题](c) The inheritance tax payable by Adam in respect of the gift from his aunt. (4 marks)A．dditional marks will be awarded for the appropriateness of the format and presentation of the memorandum andthe effectiveness with which the information is commun

[试题](b) (i) Calculate Amanda’s income tax payable for the tax year 2006/07; (11 marks)

[试题](ii) Calculate the corporation tax (CT) payable by Tay Limited for the year ended 31 March 2006, takingadvantage of all available reliefs. (3 marks)

[试题](ii) Calculate her income tax (IT) and national insurance (NIC) payable for the year of assessment 2006/07.(4 marks)

[试题](ii) Calculate Paul’s tax liability if he exercises the share options in Memphis plc and subsequently sells theshares in Memphis plc immediately, as proposed, and show how he may reduce this tax liability.(4 marks)