by Neil Da Costa | Feb 2, 2023 | Uncategorized
When reading exam questions, it is important to allow yourself to think so you can understand where the question is going. If you are able to see the ‘destination’ the examiner is heading to, it becomes easier to anticipate the tax implications. One popular area in...
by Neil Da Costa | Jan 29, 2023 | Uncategorized
Mr Zahawi is a very astute businessman with a net worth of £100 million and seemed an ideal choice for a senior party position as Conservative Party Chairman. What lead to his sacking today by PM Rishi Sunak? Rishi has pledged ‘integrity, professionalism and...
by Neil Da Costa | Jan 29, 2023 | Uncategorized
I recently met up with Ayashna to celebrate her completing the ACCA exams and becoming fully qualified. When Ayashna did Advanced Tax, I guided her through the large syllabus by recommending that she focuses on learning the key topics and practice exam questions. By...
by Neil Da Costa | Jan 28, 2023 | Uncategorized
HMRC encourage wealthy taxpayers to invest in small unquoted trading companies by offering generous tax benefits to business angels who are willing to risk their hard cash in exchange for shares. The small enterprise investment scheme is geared to small companies with...
by Neil Da Costa | Jan 27, 2023 | Uncategorized
Many middle-class parents have seen the capital value of their main residence appreciate sharply over the years leading to a potential inheritance tax liability on death. As a result, to remove the main residence from their death estate, they may choose to make a...
by Neil Da Costa | Jan 26, 2023 | Uncategorized
A popular area in both the ACCA ATX and ACA BPT exams is the IHT and CGT implications of a gift of property during an individual’s lifetime. A gift to an individual has both IHT and CGT implications. For IHT , it is called a potentially exempt transfer (PET) and...
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