Taxation
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October 2, 2018
How to Gross Up Chargeable Lifetime Transfers When the Donor Pays the Inheritance Tax
A question that has come up in J02, R03 and AF1 is the grossing up of chargeable lifetime transfers...
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July 24, 2018
The CII R03 Exam is a tricky one
Over the past few years, the pass rates show that the CII Diploma R03 Personal Taxation exam has had...
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July 10, 2018
The Certainties of Life: Death, Taxes and IHT Questions on your CII AF1 or R03 Exam
There are only two certainties in life according to Benjamin Franklin. To those, we can add the certainty that...
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May 29, 2018
Understanding How to Apply the Transferable Nil Rate Band
A popular topic for both R03 and AF1 exams, in particular, is the transferable nil rate band. It sometimes...
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May 22, 2018
Discounted Gift Trust – How a Chargeable Event May Be Taxed
The following takes a closer look at a discounted gift trust and how a chargeable event on the investment...
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May 1, 2018
The Ins and Outs of Interest in Possession Trust Taxation
We’ve talked many a time about how a discretionary trust is taxed, but anyone sitting the J02, AF1 and...
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April 24, 2018
Explaining the Starting Rate Band for Savings Income
It looks like the 0% saving rate might be a consideration in the recent AF5 fact-find, so we thought...
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April 17, 2018
Discounted Gift Trust – a Useful Inheritance Tax Planning Tool
The following advises readers what a discounted gift trust is and provides an example that illustrates how it is...
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April 10, 2018
How to Calculate IHT on Relevant Property Trusts
A customer requested that we discuss relevant property trusts and the type of question that could come up in...
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April 3, 2018
Transfers to Non-Domiciled Spouses/Civil Partners
Inheritance tax is based on domicile status. There’s no strict definition of domicile, but it’s taken to be where...
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March 27, 2018
More Changes on the Horizon for Landlords
Learn about the changes that will affect buy-to-let landlords from April 2020. This information will be of interest to...
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October 24, 2017
Understanding How the Letting Exemption is Applied
We all know that when we sell our house, it is exempt from capital gains tax (CGT) if it’s...
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October 3, 2017
How the 14-Year-Rule for Lifetime Gifts Works
We’ve all heard of the 14-Year Rule for Lifetime Gifts, but how many know (remember?) how it works? This...