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In 2014 Mr Yuan inherited an estate of


In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.What is the correct treatment of the estate income for individual income tax purposes?

  • AThe estate income is not taxable
  • BThe estate income will be taxed as occasional (ad hoc) income
  • CThe estate income will be taxed as other income
  • DThe estate income will be taxed as service income
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