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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...

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...

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...

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...

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...

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...

One of the popular areas in the Advanced Tax exam is CGT (capital gains tax) groups. For CGT groups, the direct shareholding has to be 75% but the indirect shareholding only has to be 51%. Only UK resident companies can be included in the group, but the holding...

It is normal to feel apprehensive when you are waiting for your exam results. It feels like you cannot concentrate on anything else and the time just drags.It also feels like you have no control over the outcome. The important aspect to remember is as long as you have...

I have been receiving many requests asking me what areas could come up in the Advanced Tax exams? Remember that there are several variants of the exam which will feature different areas so you must cover a WIDE area of the syllabus to pass the exam. These areas have...

One of the areas due to be examined in the December 2023 BPT and 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...