by Neil Da Costa | Aug 11, 2023 | Uncategorized
One of the areas due to be examined in the September 2023 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...
by Neil Da Costa | Aug 11, 2023 | Uncategorized
The ACCA Advanced Tax exam is one of the only closed book high-level exams on UK tax. Advanced Tax Condensed distils the vast technical material of the ACCA subject with the largest syllabus into about 150 brightly coloured mind maps. The Kaplan study manual has 1142...
by Neil Da Costa | Aug 9, 2023 | Uncategorized
When reading exam questions, it is important to allow yourself to think so you can understand where the question is going. If you are able to see the ‘destination’ the examiner is heading to, it becomes easier to anticipate the tax implications. One popular area in...
by Neil Da Costa | Jul 31, 2023 | Uncategorized
Pensions are a popular area in the tax exams. An individual can either contribute into an occupational pension scheme or a personal pension scheme. The maximum contributions each tax year are based on relevant earnings which consist of employment income, self-employed...
by Neil Da Costa | Jul 27, 2023 | Uncategorized
Commercial buildings constructed after 1 April 2020 are eligible for a structural buildings allowance (SBA) of 3% straight line each year. The tax life of the building is fixed at 33 and a third years. The SBA is available on the building cost and cannot be claimed on...
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