by Neil Da Costa | Dec 3, 2022 | Uncategorized
One area I expect will feature in next week’s 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...
by Neil Da Costa | Dec 1, 2022 | Uncategorized
One area that is due to come up in next week’s BPT and Advanced Tax exams 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...
by Neil Da Costa | Nov 29, 2022 | Uncategorized
One important area for Advanced Tax and BPT exams is buyback of shares. The important aspect to appreciate here is the taxpayer does not have the option of making an election. If certain conditions are satisfied (unquoted trading company, shares owned for 5 years,...
by Neil Da Costa | Nov 29, 2022 | Uncategorized
One of the areas due to be examined in the December 2022 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...
by Neil Da Costa | Nov 29, 2022 | Uncategorized
This is a tense time before the tax exams next week and it is easy to find yourself spiralling down into stress. Instead of worrying about the future, focus on what you can do today to reach your goals -do one advanced tax question, learn one mind map. You have a...
by Neil Da Costa | Nov 27, 2022 | Uncategorized
I was so happy to meet Ophelia at the PQ Tax Forum talk which took place at Queen Mary’s University. When confronted with a tax problem, Ophelia carefully evaluates it and comes up with a solution. The instinctive reaction for most of us is to dismiss issues we...
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