Complete this short quiz to test your knowledge on the latest edition of Advice Matters.

Answer all the questions and hit the done button to see how you have performed. If you have any wrong it is certainly worth revisiting the relevant article from this edition. 

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* 1. What is the main theme of the first article on Brexit and what you should be taking away after reading it?

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* 2. On what date did the UK actually leave the EU?

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* 3. On what date will the transition period come to an end?

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* 4. Passporting:

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* 5. Equivalence is:

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* 6. An FTA is a:

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* 7. A third country:

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* 8. According to the second article, how have the recent receipts of Inheritance Tax performed over the last 2-3 years?

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* 9. What impact do 80% of the people interviewed by The Private Office (a financial planning firm) think Covid-19 will have on Inheritance Tax?

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* 10. What are the three ways your client can minimise Inheritance Tax?

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* 11. Which three of the following are exemptions provided by the HMRC for Inheritance Tax?

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* 12. Which three of the following are Inheritance Tax reliefs provided by the HMRC for Inheritance Tax?

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* 13. Which of the following is a criterion used to decide whether Business Relief will apply to the transfer of a business asset following the death of an individual?

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* 14. Which of the following assets do not qualify for Business Relief?

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* 15. This is the simplest type of trust and is set up for named individuals, often minors, and gives them a right to both the income and capital of the trust. Once the beneficiary reaches the age of 18, they can demand the trust assets are passed to them, even if the settlor does not wish this. What is this type of trust called?

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* 16. Roland, having made no previous transfers, gifts £800,000 in cash to a discretionary trust for his son, William. What rate(s) of Inheritance Tax are applicable at the time of the gift?

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* 17. What is the main message of the third article on the FCA and organisational culture and what you should be taking away after reading it?

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* 18. Who is responsible for setting the prevailing culture within regulated firms?

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* 19. Which words are missing from the following statement?
“We define culture as the typical, habitual behaviours and mindsets that characterise a particular organisation. The behaviours are the ‘way things get done around here’, they are the way that we act, speak and make decisions without __

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* 20. Which of the following statements is correct?

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* 21. Which three of the following are 3 of the 4 types of organisational culture identified by Cameron & Quinn?

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* 22. Which organisational culture type can be most associated with the principle of “getting the results”?

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* 23. Which of these statements best describes how your firm should approach culture?

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* 24. Please provide your details here to complete the quiz.

0 of 24 answered
 

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