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Question 47 - CTFA discussion

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Under an employer's group life assurance policy, what is the normal tax treatment of the death benefit?

A.
It is liable to Inheritance Tax
Answers
A.
It is liable to Inheritance Tax
B.
It is liable to Capital Gains Tax
Answers
B.
It is liable to Capital Gains Tax
C.
It is liable to Income Tax
Answers
C.
It is liable to Income Tax
D.
It is not liable to any form of taxation
Answers
D.
It is not liable to any form of taxation
Suggested answer: D
asked 16/09/2024
Srikar Gude
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