by Neil Da Costa | Nov 29, 2023 | Uncategorized
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...
by Neil Da Costa | Nov 29, 2023 | Uncategorized
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...
by Neil Da Costa | Nov 2, 2023 | Uncategorized
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...
by Neil Da Costa | Oct 24, 2023 | Uncategorized
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...
by Neil Da Costa | Oct 24, 2023 | Uncategorized
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...
by Neil Da Costa | Oct 21, 2023 | Uncategorized
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...
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