by Neil Da Costa | Aug 16, 2021 | Uncategorized
It is somewhat surprising that Personal Service Companies (PSC) have not featured recently in the Advanced Tax exam and this topic is certainly due to come up in September 2021. Individuals were setting up PSCs to invoice their employer to receive their income gross...
by Neil Da Costa | Aug 16, 2021 | Uncategorized
Rollover relief is a popular topic in the Advanced Tax exam and tends to feature mostly in questions on companies. The gain on the old building is given such as £50,000 and the sale proceeds as well £200,000. If £190,000 is invested in a replacement freehold building,...
by Neil Da Costa | Jul 26, 2021 | Uncategorized
The Principal Private Residence exemption is a popular area in the tax exams, and it makes the taxpayer’s main residence including half a hectare of land tax-free from capital gains tax as long as it is occupied by the taxpayer during the period of ownership. The...
by Neil Da Costa | Jul 23, 2021 | Uncategorized
The recent Advanced Tax exams indicate that the examining panel is focusing more on small family companies as opposed to large groups. The vast majority of UK companies are close companies and controlled by a few individuals or a single-family. It was amazingly easy...
by Neil Da Costa | Jul 11, 2021 | Uncategorized
Today I got to see Novak Djokovic win Wimbledon for the 6th time. This means that Novak, Roger Federer and Rafa Nadal all have won 20 grand slams each. Clearly, they are jointly among the greatest tennis players of all time, and it is a privilege to watch them. In his...
by Neil Da Costa | Jul 9, 2021 | Uncategorized
Your thoughts are always looking for something to focus on. They jump from one thing to another -a past experience, memory, news, or a programme you watched. We are constantly bombarded with messages, and it is important to filter out what you want to focus on. If you...
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