by Neil Da Costa | May 31, 2021 | Uncategorized
An area many tax students find confusing is domicile. To help you understand it, I will refer to the pop star, Rita Ora. Rita was born in Kosovo so has a domicile of origin in Kosovo that she acquired from her father at birth. Let us assume that she was 15 when she...
by Neil Da Costa | May 30, 2021 | Uncategorized
An important area in Advanced Tax is gifts of residential property. The mistake students make is looking at the donees instead of the donor. Charlie is a 85-year-old UK domiciled individual and has always lived in the UK. He owns a residential property portfolio that...
by Neil Da Costa | May 30, 2021 | Uncategorized
A popular area on groups which tax examiners love is the targeted anti-avoidance rules (TAAR) to prevent companies buying other companies to use up their pre-acquisition losses. Blue Plc buys Orange Plc. Orange has pre-acquisition losses. TAAR prevents Orange property...
by Neil Da Costa | May 20, 2021 | Uncategorized
James Dyson, the legendary British inventor, and billionaire made a difficult decision to move the company headquarters to Singapore in order to launch the new Dyson electric car. Dyson is synonymous with innovation like Elon Musk and has invented its own vacuum...
by Neil Da Costa | May 9, 2021 | Uncategorized
HMRC has raised an assessment for £4.9 million on Gary Lineker’s company as part of the IR-35 crackdown against personal service companies according to ‘The Times’. The taxman has been targeting presenters who invoice TV companies through limited companies on grounds...
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