Research & Development Allowances

Research & Development Allowances

An important area in the Advanced Tax exam is Research and Development. This is the only expenditure on which we can always claim tax relief of more than 100%.The enhanced allowances are available on revenue expenditure directly relating to the research activities...
Business Asset Disposal Relief

Business Asset Disposal Relief

A crucial area that I expect to feature in the forthcoming June 2022 Advanced Tax and Tax exams is Business Asset Disposal Relief (BAD relief)This is simply the new revised entrepreneur’s relief. It is available on the sale of a sole trader or partnership business...