Taxation
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December 28, 2021
Domicile and Deemed Domicile – Spot the Difference
Last week, we looked at UK residency and today, we focus on an individual's domicile. This is of interest...
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December 21, 2021
How to Determine UK Residency Status
A whole chapter of the CII's R03 study text is based on residence and domicile, so no doubt you'll...
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November 30, 2021
How to Avoid the High Income Child Benefit Tax Charge
The High Income Child Benefit Tax Charge can be tested in the CII R01, R03, R05, R06, AF1, and...
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July 13, 2021
Using Your Own Transport for Business
Using your own transport for business may be tested in the CII exams R03 or within AF1. Read on...
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April 20, 2021
Minimise CGT on a Property Disposal with this Exemption
We all know that when we sell our house it is exempt from capital gains tax (CGT) if it...
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January 12, 2021
How to Reduce Inheritance Tax on PETs and CLTs with Taper Relief
Taper relief can be applied to the inheritance tax payable on either a potentially exempt transfer (PET) or a...
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May 19, 2020
How to Do These Common Calculations in the CII R03 Exam
When it comes to the CII R03 exam (Personal Taxation), candidates will, of course, be expecting to do calculations....
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February 4, 2020
How to Apply the Savings Rate of Tax
The 0% savings rate of income tax can be tested in CF1, R03, R06, AF1 and even AF5. ...
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September 17, 2019
How to Calculate the Top-Slicing Relief on UK Investment Bonds
Now the new CII examining year has started, we thought we would have a look at the five-step process...
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August 27, 2019
A High-Level Look at the Main Recommendations of the OTS’s IHT Review
In January 2018, the Office of Tax Simplification (OTS) was asked to review various aspects of inheritance tax (IHT). ...
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July 9, 2019
Capital Gains Tax Reliefs
There are various Capital Gains Tax reliefs available. These can be tested in any of the CII tax exams...
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June 25, 2019
The CGT Consequences of Asset Disposals Between Spouses
This article discusses an area that often comes up in the CII multiple-choice and written exams: the capital gains...
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June 18, 2019
How to Answer a Taxing Question
We were recently asked about one of our questions that tests how dividends are taxed; this type of question...
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May 21, 2019
Understanding the Taxation of Offshore Investment Funds
In this article, we look at the tax rules that apply to investors in offshore collective funds; this is...
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March 26, 2019
How to Calculate Quick Succession Relief
Quick Succession Relief is something that has often come up in both the AF5 and AF1 written exams. It’s...
