by Neil Da Costa | May 4, 2024 | Uncategorized
🚀 Ready to Ace Advanced Tax? Here’s Your Ultimate Guide! 📚 In the dynamic world of Advanced Tax, small businesses have two powerful allies: the cash 💰 and annual accounting 🗓️ VAT schemes! Let’s dive into the exciting realm of tax management with these...
by Neil Da Costa | May 3, 2024 | Uncategorized
One of the most popular areas in the Advanced tax exam is the IHT and CGT implications of gifts to trusts. The examiners always comment that students struggle with this, and it is not too difficult to master. A gift to a trust is called a chargeable lifetime...
by Neil Da Costa | May 2, 2024 | Uncategorized
When giving inheritance tax advice to clients, the most important exemption is business property relief which makes worldwide businesses tax free from inheritance tax. 100% relief is available on the following assets: Any unincorporated business (sole trader or...
by Neil Da Costa | Apr 28, 2024 | Uncategorized
One of the popular areas in the Advanced Tax exam is CGT (capital gains tax) groups. For CGT groups, the direct shareholding has to be 75% but the indirect shareholding only has to be 51%. Only UK resident companies can be included in the group, but the holding...
by Neil Da Costa | Apr 28, 2024 | Uncategorized
One of the areas frequently examined in the Advanced Tax exam is the substantial shareholding exemption. (SSE) . You can use the abbreviation in the exam. It is firstly important to note that this is only available to companies to encourage mergers and acquisitions....
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