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Neil’s Tax Tips: CGT Groups

Neil’s Tax Tips: CGT Groups

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...

Good Luck With Your ACCA Exam Results !

Good Luck With Your ACCA Exam Results !

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...

ATX Exam Tips

ATX Exam Tips

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...

Neil’s Tax Tips :Personal Service Companies

Neil’s Tax Tips :Personal Service Companies

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...

Neil’s Tax Tips: Overseas Aspects For Individuals

Neil’s Tax Tips: Overseas Aspects For Individuals

One important area for the Advanced Tax exam is overseas aspects for individuals. You need to learn the automatic residency statutory tests Automatically non-resident if in the UK for less than 16 days (leavers), less than 46 days (arrivers) or less than 91 days...

Neil’s Tax Tips :Domicile And Asset Location

Neil’s Tax Tips :Domicile And Asset Location

One of the favourite areas that is regularly examined in the Advanced Tax and BPT exams is the impact of domicile for inheritance tax. UK domiciled individuals are subject to tax on their worldwide assets while non-UK domiciled individuals are only subject to tax on...

Neil’s Tax Tips : Gift With Reservation

Neil’s Tax Tips : Gift With Reservation

One of the important areas due to come up in the Advanced Tax and BPT exams is Gifts With Reservation of Benefit. (GWROB) The most common example is when a grandparent or a parent gifts a property away to a descendant but still continues to use the asset. Now, the...

Neil’s Tax Tips : Inheritance Tax On A Death Estate

Neil’s Tax Tips : Inheritance Tax On A Death Estate

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...

Congratulations Jamie !

Congratulations Jamie !

When I met Jamie, I was immediately struck by his cheerful attitude. He loved being in the Advanced Tax class and always applied herself 100% to the task at hand. With a technically demanding subject like Advanced Tax, you have to invest time in understanding the...

Neil Da Costa Tax Exam Podcast

Neil Da Costa Tax Exam Podcast

How is your revision for December 2023 Advanced Tax exam going? One of the key reasons people are unsuccessful in their professional exams is because they manage their time poorly. They waste time on activities which will not help them reach their goals. Learn to...

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