Business and Transfer Tax Game 2
Succession and Transfer Taxation
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Topics of this game:
- Which of the following statements is FALSE? Transfer tax is ________
- The Object of estate tax is the ________
- Justification for the imposition of transfer tax.
- Mortis Causa transfer of property is affected when?
- The tax imposed on the transfer of property without consideration between two or more persons who are living at the time the transfer is made.
- Statement 1: The Cancellation of existing debt as payment for services rendered by the debtor to the creditor is a gratuitous transfer. Statement 2: A sale is a form of transfer transaction that requires payment of transfer tax.
- Statement 1: A sale on installment basis is considered as an onerous transfer. Statement 2: A gift out of love to a former girlfriend is an onerous transfer.
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