HyperV Annoyance: An error occurred while attempting to snapshot the selected virtual machine - Access denied : Solution

I recently moved to Windows 8 and one of its best features is the Hyper-V role on the client SKU. At times, when I import VHDs from my friends and try to create a snapshop, the HyperV throws an error saying "An error occurred while attempting to snapshot the selected virtual machine: Access denied"

This is because of an ACL mis-configuration and can be fixed in a jiffy.

Note: This is my quick and dirty method of fixing the issue. Not sure if it is the recommended one.

Solution:

• Login as the administrator of the machine


• Right click on the folder in which you have placed the VHD and click on Properties

• Go to Security tab and click on Advanced

• Click on Enable Inheritance  and check "Replace all child object permission entries with inheritable permission entries from this object"

• Click Apply

This should resolve the security permission issue.