by Neil Da Costa | May 30, 2023 | Uncategorized
One aspect I felt many tax students neglect is the IHT death estate. You need to put all assets into the death estate including exempt assets for CGT. Deduct any agricultural property relief on farms (100%) and business property relief (100%) on unquoted shares....
by Neil Da Costa | May 23, 2023 | Uncategorized
An area due to come up in the June 2023 Advanced Tax is incorporation relief. As an unincorporated sole trader business grows, the small business owner may decide to transfer the business to a limited company in order to make finance more accessible or to...
by Neil Da Costa | May 22, 2023 | Uncategorized
Is it a bird? Is it a plane? No! It’s a skydiving tax tutor! I chose to skydive in the Florida Keys on a short break recently as the scenery is absolutely breathtaking there and the instructors are very experienced having done thousands of jumps before! It was a truly...
by Neil Da Costa | May 21, 2023 | Uncategorized
The June 2023 exam will now feature a giant 50-mark case study dealing with both companies and individuals. What this means is that in the same scenario you will be dealing with complex groups and overseas aspects such as controlled foreign companies while in part b,...
by Neil Da Costa | May 18, 2023 | Uncategorized
One topic which is due to come up in the Advanced Tax June 2023 exam is the Enterprise Investment Scheme which offers tax benefits to venture capitalists that invest in unquoted trading companies. Wealthy individuals can invest up to £1M /year in new shares in...
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