In discussing the characteristics of exchange traded funds (ETFs) in markets where capital gains are taxed, and analyst made the following statements:

Are the analyst's statements correct?
　　Statement 1　　Statement 2

[单选题]An investor in exchange traded funds (ETFs) is most likely to benefit from

[单选题]Compared to exchange-traded funds (ETFs), open-end mutual funds are typical

[单选题]One advantage of exchange traded funds relative to open-end mutual funds is

[单选题]Both buyout funds and venture capital funds:A.Expect that only a small perc

[试题](b) Advise on the capital gains implications should Trent Limited’s old building be sold as proposed. Support youradvice with relevant calculations. (4 marks)

[试题](b) Explain the capital gains tax (CGT) and inheritance tax (IHT) implications of Graeme gifting his remaining ‘T’ordinary shares at their current value either:(i) to his wife, Catherine; or(ii) to his son, Barry.Your answer should be supported by rel

[试题](c) Explain the capital gains tax (CGT) and income tax (IT) issues Paul and Sharon should consider in decidingwhich form. of trust to set up for Gisella and Gavin. You are not required to consider inheritance tax (IHT) orstamp duty land tax (SDLT) iss

[试题](c) (i) Explain the capital gains tax (CGT) implications of a takeover where the consideration is in the form. ofshares (a ‘paper for paper’ transaction) stating any conditions that need to be satisfied. (4 marks)

[试题](c) (i) Calculate Benny’s capital gains tax liability for 2006/07. (6 marks)

[试题](c) (i) Compute Gloria’s capital gains tax liability for 2006/07 ignoring any claims or elections available toreduce the liability. (3 marks)