Search results for "AF1"
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What is a General Power of Attorney?
Enduring Powers of Attorney and Lasting Powers of Attorney are usually tested in the CII AF1 paper and will often appear in other exams too such as J02, R06, and AF5. Sometimes a General Power of Attorney will be tested – often throwing candidates in the process. In this article, we look at the details of these. -
Tax Implications of Assigning Investment Bonds
In this article, we take a look at the assignment of onshore investment bonds, focusing in particular on the tax implications. This article is particularly relevant to the CII R01, R02, R03, R06, AF1, AF4, and AF5 exams. -
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. -
How To Decide if an Individual is Employed or Self-Employed
A recent focus on companies such as Deliveroo and Uber has highlighted the issue of whether someone is classed as employed or self-employed. Read on to learn some guidelines that can indicate the employment status of a worker. The self-employed have very few rights, whereas someone classed as employed enjoys the most. For example, with the self-employed, there is no […] -
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. -
Monthly Roundup for November 2022
This Monthly Roundup allows you to see, at a glance, what articles have been posted on the Brand Financial Training Blog in November, and you can simply click on any that are of interest to you. -
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 chargeable lifetime transfer (CLT) made three to seven years before death. Here, we discuss PETs and CLTs and provide examples of how tax can be reduced by taper relief - useful reading for those who are studying for any of the CII CF1, R01, R03, R06, AF1, or AF5 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. -
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. -
Brand Bitesize: Taxation of Dividends
In this Brand Bitesize video, we show you how dividend income is taxed. This could be useful for anyone, sitting the R02, R03, R06, J02, AF1, AF4, or AF5 exams, who might need a quick refresher on the basics of dividend taxation. -
The Capital Gains Tax (CGT) annual exempt amount falls
In this article, we look at the financial implications of the cuts to the CGT annual exempt amount as well as some ideas to potentially mitigate their effects. This is useful reading for CII R02, R03, R06, AF1, AF4, and AF5 exam revision. -
The Financial Implications of the Cuts to the Dividend Allowance
In this article, we look at the financial implications of the cuts to Dividend Allowance as well as some ideas to potentially mitigate their effects. This is useful reading for CII R02, R03, R06, AF1, AF4, and AF5 exam revision.