Latest News

Follow Neil on social media to add updates to your newsfeed
Neil’s Tax Tips : Rollover Or Holdover Relief ?

Neil’s Tax Tips : Rollover Or Holdover Relief ?

The key difference between rollover relief and holdover relief lies in their application and duration of relief provided. Rollover relief primarily applies to businesses and allows them to defer paying tax on certain assets, such as buildings used in trade, by...

Neil’s Tax Tips: Inheritance Tax On Death

Neil’s Tax Tips: Inheritance Tax On Death

Inheritance tax questions are like puzzles waiting to be solved, often presenting scenarios involving lifetime gifts, death estates, and the intricate dance between IHT and CGT implications. One captivating area that could steal the spotlight in the upcoming Advanced...

Neil’s Tax Tips : Company Buyback Of Shares

Neil’s Tax Tips : Company Buyback Of Shares

One important area for Advanced Tax is where the company buys back the shares from the shareholder. The buyback is either treated as a dividend or a capital gain.   The important aspect to appreciate here is the taxpayer does not have the option of making an...

Neil’s tax Tips : Personal Service Companies

Neil’s tax Tips : Personal Service Companies

Personal Service Companies (PSCs) are set to be a focal point in the upcoming March 2024 Advanced Tax exams, presenting a crucial area for candidates to understand thoroughly. In today's gig economy, many freelancers opt to invoice their clients through their own...

Neil’s Tax Tips : Residency Rules

Neil’s Tax Tips : Residency Rules

One crucial topic covered in the Advanced Tax exam is the taxation of individuals with overseas aspects. Understanding the residency status of individuals is paramount, and it involves learning about the automatic residency statutory tests.Individuals are considered...

Neil’s Tax Tips :Business Property Relief

Neil’s Tax Tips :Business Property Relief

Business Property Relief (BPR) stands as a pivotal area in the ACCA Advanced Tax exam, wielding significant implications for Inheritance Tax (IHT). Offering a potential exemption from taxation, BPR renders business assets either entirely or partially tax-free under...

Congratulations Yousaf -Qatar Advanced Tax Prizewinner!

Congratulations Yousaf -Qatar Advanced Tax Prizewinner!

A heartfelt congratulations to Yousaf for achieving the prestigious title of Advanced Tax prizewinner in Qatar! 🎉 This remarkable accomplishment marks the culmination of Yousaf's ACCA journey, positioning him for a promising career in Assurance Services. Yousaf's...

From Kaplan Student To Kaplan Tutor !

From Kaplan Student To Kaplan Tutor !

Celebrating a Decade of Success: A Journey with Ezzah Jermain in the World of Taxation! 🌟 Imagine the thrill of reconnecting with a former student after a decade – that's exactly what happened at a recent conference! Ezzah Jermain, who embarked on the Advanced Tax...

Inheritance Tax !!!

Inheritance Tax !!!

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...

Neil’s Tax Tips For Married Couples !

Neil’s Tax Tips For Married Couples !

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...

Join the hundreds of students that have benefited from Neil's exceptional accountancy tuition

Unrivalled guidance and support during your studies

Share This