by Neil Da Costa | Aug 9, 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 | Jul 31, 2023 | Uncategorized
Pensions are a popular area in the tax exams. An individual can either contribute into an occupational pension scheme or a personal pension scheme. The maximum contributions each tax year are based on relevant earnings which consist of employment income, self-employed...
by Neil Da Costa | Jul 27, 2023 | Uncategorized
Commercial buildings constructed after 1 April 2020 are eligible for a structural buildings allowance (SBA) of 3% straight line each year. The tax life of the building is fixed at 33 and a third years. The SBA is available on the building cost and cannot be claimed on...
by Neil Da Costa | Jul 26, 2023 | Uncategorized
One important area which is due to come up in the Advanced Tax in September or December 2023 exam is advising a company on setting up either an overseas branch or an overseas subsidiary. The branch would be an extension of the UK company and its profits would be...
by Neil Da Costa | Jul 25, 2023 | Uncategorized
The tax-free amounts for investment income are very popular areas in all the tax exams including both Tax Advanced Tax. With regard to saving income (interest received) the nil rate band is dependent on the rate of tax the individual pays. Basic rate taxpayers who pay...
by Neil Da Costa | Jul 24, 2023 | Uncategorized
In 2016 I taught Kap Advanced Tax and I immediately realised that he was an intelligent hard-working student. He liked my no-nonsense approach, and he liked my philosophy of learning the key principles and practising exam questions. It came as no surprise to me...
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