What came up in today’s Advanced Tax exam?
According to my students was quite a challenging exam with a lot of CGT and IHT!
While a lot of areas I expected to feature came up, it was surprising to see that there were no share schemes, personal service companies or group relief in the exam!
The great news is some of the tricky areas like partial exemption and incorporation relief did not feature.
For the fourth consecutive exam, controlled foreign companies have featured and as expected temporary non-residents and sole trader losses. There were also easy marks on ethics and VAT.
You have all done well and now can relax and enjoy the holiday season with your families. Well done everyone!
If you are planning on doing Advanced Tax in March 2023, I recommend you purchase Advanced Tax Condensed which will allow you to learn the technical rules at lightning speed.
You can purchase it using the link below:
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