Want to rock and roll?
One area that is guaranteed to feature in any tax exam is rollover relief. Rollover relief enables businesses to postpone paying tax on assets like buildings used in the trade as long as the sale proceeds are reinvested in replacement assets.
In this podcast, I have explained rollover relief in under 12 minutes.
So, if you have a few minutes spare and want to understand rollover, why not listen to the podcast below? It will also help you understand gift and incorporation relief which works in the same way.
If you are planning on doing Advanced Tax in December or March, I recommend you purchase Advanced Tax Condensed and make a head start. You need to deal with at least 30 separate technical areas (like rollover) to pass the exam and this book will really make the difference. You can purchase it from this website.