Controlled Foreign Companies

Controlled Foreign Companies

One popular area in Advanced Tax and BPT is controlled foreign companies (CFCs). CFCs have been examined in the last 4 consecutive Advanced Tax exams. You need to learn 3 things about CFCs ·       Definition Of A CFC A CFC is an...
What Came Up In Today’s Dec 22 ATX Exam?

What Came Up In Today’s Dec 22 ATX Exam?

What came up in today’s Advanced Tax exam? According to my students was quite a challenging exam with a lot of CGT and IHT! While a lot of areas I expected to feature came up, it was surprising to see that there were no share schemes, personal service companies or...
Good Luck !

Good Luck !

At the strategic level of the professional ACCA exams , examiners want students to demonstrate evaluation skills and offer recommedations. You need to express your opinion based on the information given in the scenario and show your technical knowledge. The questions...
Residence For Individuals

Residence For Individuals

One area I expect will feature in next week’s Advanced Tax exam is overseas aspects for individuals. You need to learn the automatic residency statutory tests Automatically non-resident if in the UK for less than 16 days (leavers), less than 46 days (arrivers) or less...
Tax Tips :Inheritance Death Estate

Tax Tips :Inheritance Death Estate

One area that is due to come up in next week’s BPT and Advanced Tax exams is a death estate Typically, inheritance tax questions tend to be either lifetime gifts where you need to deal with the IHT and CGT implications and the death estate. You need to put all assets...