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Paul consults you on the tax and estate cost implications of his endowment. Choose the correct statement. a. Paul will be liable for capital gains
Paul consults you on the tax and estate cost implications of his endowment. Choose the correct statement.
| a. | Paul will be liable for capital gains tax at 30%; no estate duty, and no executor fees, should the endowment be payable to his wife. | |
| b. | Paul will not be liable for capital gains; no estate duty, and no executor fees, should the endowment be payable to his wife. | |
| c. | Paul will be liable for capital gains tax at 30%; estate duty, as well as executor fees, should the endowment be payable to his wife. | |
| d. | Paul will not be liable for capital gains tax; however, he will be liable for estate duty and executor fees should the endowment be payable to his wife. | |
| e. | None of the above |
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