by Neil Da Costa | May 16, 2023 | Uncategorized
A popular area in both the ACCA ATX and ACA BPT exams is the IHT and CGT implications of a gift of property during an invidual’s lifetime . A gift to an individual has both IHT and CGT implications. For IHT , it is called a potentially exempt transfer (PET) and...
by Neil Da Costa | Mar 9, 2023 | Uncategorized
The March 2023 Advanced Tax exam was both time-pressured and featured many unexpected topics.Usually, overseas aspects relating to individuals, self-employed individuals, and controlled foreign companies have featured in the last few exams yet these areas were...
by Neil Da Costa | Mar 6, 2023 | Uncategorized
We are in the final stage of exam preparation now with the Advanced Tax exam tomorrow. I recommend you do not look at any new material now. Instead, you should be carefully looking back at previous exam questions you did and reviewing the answers. You do not...
by Neil Da Costa | Mar 4, 2023 | Uncategorized
A very popular area in the Advanced Tax exam which is due to be examined in March 2023 is CGT groups. For CGT groups, the direct shareholding must be at least 75% but the indirect only has to be 51%. Companies in the same group can transfer assets to group members at...
by Neil Da Costa | Mar 1, 2023 | Uncategorized
In high-level tax professional exams like ACCA ATX, ICAEW BPT , and CTA , the examiners try and simulate the real work environment by giving you several documents such as client letter, an email from your tax manager and schedules of detailed information such as...
Recent Comments