by Neil Da Costa | Nov 2, 2023 | Uncategorized
One important area for the 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 than 91 days...
by Neil Da Costa | Oct 24, 2023 | Uncategorized
One of the favourite areas that is regularly examined in the Advanced Tax and BPT exams is the impact of domicile for inheritance tax. UK domiciled individuals are subject to tax on their worldwide assets while non-UK domiciled individuals are only subject to tax on...
by Neil Da Costa | Oct 24, 2023 | Uncategorized
One of the important areas due to come up in the Advanced Tax and BPT exams is Gifts With Reservation of Benefit. (GWROB) The most common example is when a grandparent or a parent gifts a property away to a descendant but still continues to use the asset. Now, the...
by Neil Da Costa | Oct 21, 2023 | Uncategorized
One area that is due to come up in the Advanced Tax exam 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 into the death...
by Neil Da Costa | Oct 17, 2023 | Uncategorized
When I met Jamie, I was immediately struck by his cheerful attitude. He loved being in the Advanced Tax class and always applied herself 100% to the task at hand. With a technically demanding subject like Advanced Tax, you have to invest time in understanding the...
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