AF1
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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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March 20, 2018
To marry or not to marry? In the UK, it’s a tax question!
Recently, we looked at the Marriage Allowance, and it got us thinking about the 3.3 million couples who choose...
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January 2, 2018
Our Review of the October 2017 CII AF1 Exam – Application of Knowledge is Key
As the CII have now released their exam papers from October 2017, it’s time for us to start scrutinising...
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November 14, 2017
What is The Trustee’s Tax Pool? And How to Calculate the Tax
We heard that tax pools were part of the most recent AF1 paper, which might have been a surprise...
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October 31, 2017
The Two Pools Approach to Asset Allocation
This article is helpful to those studying for their CII AF1, AF5, R04 and R06 exams. It outlines the...
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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...