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As ACCA students wait for their exam results, it is important to reflect on the long months of preparation and effort that went in before the exams. I have done my best to teach my tax students the technical knowledge and exam technique. I have motivated them and...

As a tutor, I try and encourage my students to achieve and get them to believe in themselves. Many people are weighed down by worry and self-doubt and feel they have not done enough to succeed. Your attitude determines how you interpret the environment around you and...

A very popular area in the Advanced Tax exam which is due to be examined in March 2023 is CGT groups. For CGT groups, the direct shareholding must be at least 75% but the indirect only has to be 51%. Companies in the same group can transfer assets to group members at...

Termination payments is a popular topic in the ACCA Advanced Tax , ICAEW BPT, ATT and CTA exams . It is dealt with in s401-406 ITEPA 2003. It is due to come up in March 2023. There are 3 types of termination payments 1.    Fully Taxable -payments...

Finally, former President Donald Trump’s tax returns have been released and reveal that in 2020, he paid no tax. In 2016, he only paid $750 in tax. He was able to do this despite him and his wife Melania earning tens of millions in investment income by offsetting...

2022 was a challenging year for many of us. However, I resolved to persevere with my goal of experiencing the earth’s astonishing beauty and explore different cultures and learn from previous civilizations. This made me realise that we all have a choice every single...

As Christmas draws closer, my thoughts turn to those who experience loneliness at this festive time. During the holiday season which is associated with joy, family, and connection, many of us experience loneliness. We may not have families to celebrate with. Some of...

I have always dreamt of seeing the Northern Lights. There is something ephemeral and magical about this natural phenomenon. It is also elusive and never guaranteed. In order to see them, you need to travel to remote destinations such as Iceland or Norway in the depths...

Gifts of cash this Christmas are exempt from capital gains tax as well as chattels (tangible moveable assets) with a life of less than £50 years (like a watch) or a cheap chattel (costs not more than £6,000) e.g., a Primark scarf! With regard to inheritance tax, there...

This month’s free PQ Magazine is fresh off the press! It is packed with useful information for part-qualified accountants. The PQ editor, Graham Hambly  is a true people’s champion and has been speaking up on behalf of  students for decades. If anyone has...