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 : 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...