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Settlement Tutorial 2Advanced Taxation / BAC 4644SettlementQuestion 1Why do you think a ‘settlement’ is of concern to the Revenue authorities?Answer 1A wealthy person (the settlor) on a high tax bracket may choose to transfer either properties or income or both to another person (the beneficiary) to benefit from the lower tax bracket of the beneficiary..
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Child Of The SettlorHigh Tax BracketLower Tax Bracket Of The BeneficiaryWealthy Persons