As a mental health wellness advocate, I think exercise is of crucial importance. It gives us that rush of endorphins and dopamine that makes us feel happy.

Exercise also helps our bodies regenerate so if you are having a hard day (which happens to all of us) exercise naturally lifts you up and helps you get through it.

In Advanced Tax, we give advice to clients to reduce their tax liabilities and it is important to up the allowances available such as the personal allowance for income tax of £12,570, the annual exemption of £12,300 for capital gains tax and the £3,000 annual exemption for inheritance tax.

The good news about the nil rate band of £325,000 or the residence nil rate band of £175,000 is that if you don’t use it , it can be passed on to your spouse.

 In addition, when dealing with companies, it is important to fully utilise the qualifying charitable donations and double tax relief.

I help my students remember it, by telling them that if they don’t use it, they lose it, like their muscles.

Amazingly students who have qualified even a decade ago , still meet me and the first thing they say is ‘MUSCLES’ !

If you are planning on doing Advanced Tax in September 2023, I recommend you purchase Advanced Tax Condensed which will allow you to learn the technical rules at lightning speed. If you then practice the key questions I recommend, you too will be ready for anything the examiner throws at you.

 The book will really make the difference. You can purchase it using the link below:

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