by Neil Da Costa | Jan 14, 2024 | Uncategorized
What are the tax benefits to being married? For income tax purposes, income from jointly owned assets is split 50:50. Alternatively, you can make an election to apportion it based on the actual capital contribution. For capital gains tax purposes, transfer of assets...
by Neil Da Costa | Jan 13, 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 | Jan 13, 2024 | Uncategorized
It is normal to feel apprehensive when you are waiting for your exam results. It feels like you cannot concentrate on anything else and the time just drags.It also feels like you have no control over the outcome. The important aspect to remember is as long as you have...
by Neil Da Costa | Nov 29, 2023 | Uncategorized
I have been receiving many requests asking me what areas could come up in the Advanced Tax exams? Remember that there are several variants of the exam which will feature different areas so you must cover a WIDE area of the syllabus to pass the exam. These areas have...
by Neil Da Costa | Nov 29, 2023 | Uncategorized
One of the areas due to be examined in the December 2023 BPT and Advanced Tax exams is Personal Service Companies. Many freelancers invoice their end clients through their companies and benefit from the lower rates on dividends compared to salaries. IR35 holds PSCs...
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