Search results for "R03"
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How to Achieve Minimum Tax Liability with Clustered Bonds
Clustering, or segmentation, is something that is tested within various CII exams. For example, it can feature in AF1, AF4 and perhaps even AF5, as well as at diploma level with R02 and R03. In particular, it seems R03 is a firm fan of testing a candidate’s knowledge in this area. Read on to learn how best to answer this […] -
How to Put Your Hard Earned Tax Knowledge to Effective Use
Those of you studying for the CII R03 exam will inevitably learn a lot of facts and calculations to complete your exams. On a daily basis, it’s likely this tax knowledge will be put to practice in a wide variety of client circumstances. This article will draw your attention to complementary and contradictory tax legislation and will encourage taking a […] -
What is the remittance basis of taxation?
The remittance basis are the alternative tax rules in place for those people who are UK-resident with overseas income and gains but are not classed as UK-domiciled. This article will be of interest to those studying for any of the CII R03, R06, AF1 or AF5 exams. -
National Insurance Contributions for the Self-Employed
National Insurance Contributions (NICs) are covered in many CII exams including CF1, R01, R03 and AF1. Here, we look at the NIC liabilities, including a calculation, for a sole trader. -
Brand Bitesize: Business Asset Disposal Relief
To help you prepare for your CII R03 exam, this Brand Bitesize video explains Business Asset Disposal Relief - also a quick revision tool for AF1. -
Inheritance Tax and Exempt Transfers
For inheritance tax (IHT) purposes, gifts fall into one of three categories: exempt transfers, potentially exempt transfers (PETs), and chargeable lifetime transfers (CLTs). In this article, we focus on the first category – exempt transfers. This article is particularly relevant to the CII R03 and AF1 exams but may also be useful for those studying R01, R05, R06, and AF5. -
Value Added Tax Explained
Value added tax, generally known as VAT, is levied on the majority of goods and services supplied by UK VAT-registered businesses and when goods are imported into the UK. This article is particularly relevant to the CII R03 and AF1 exams. -
Learning About Corporation Tax
Whereas individuals pay income tax and capital gains tax on their income and gains respectively, UK resident limited companies and other organisations such as clubs, societies, and associations pay just corporation tax, on both. This article discusses corporation tax and is useful reading for those preparing for the CII R03 or AF1 exams.