by Neil Da Costa | Jan 29, 2023 | Uncategorized
I recently met up with Ayashna to celebrate her completing the ACCA exams and becoming fully qualified. When Ayashna did Advanced Tax, I guided her through the large syllabus by recommending that she focuses on learning the key topics and practice exam questions. By...
by Neil Da Costa | Jan 28, 2023 | Uncategorized
HMRC encourage wealthy taxpayers to invest in small unquoted trading companies by offering generous tax benefits to business angels who are willing to risk their hard cash in exchange for shares. The small enterprise investment scheme is geared to small companies with...
by Neil Da Costa | Jan 27, 2023 | Uncategorized
Many middle-class parents have seen the capital value of their main residence appreciate sharply over the years leading to a potential inheritance tax liability on death. As a result, to remove the main residence from their death estate, they may choose to make a...
by Neil Da Costa | Jan 26, 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 individual’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 | Jan 25, 2023 | Uncategorized
An area due to come up in the March 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...
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