Lessons
Short explanations per syllabus topic, each ending in a drill.
- Income Tax: sources, liability, allowances, reliefs, employee benefits, taxing priorities, trust/beneficiary/settlor incomeEmployee benefits in kind: who pays what
- Income Tax: sources, liability, allowances, reliefs, employee benefits, taxing priorities, trust/beneficiary/settlor incomeIncome tax fundamentals: rates, bands, and allowances
- Income Tax: sources, liability, allowances, reliefs, employee benefits, taxing priorities, trust/beneficiary/settlor incomePersonal allowance taper and the personal savings allowance
- NICs: employer/employee/self-employed liability, contribution levels, voluntary NICsNational Insurance contributions
- CGT: liability, rates, disposals, gains/losses, reliefs & exemptions, trust gainsCapital Gains Tax
- IHT: liability, transfers, NRBs, rates, reliefs & exemptions incl. gifts to charity/political parties, trust assetsIHT lifetime gifting and taper relief
- IHT: liability, transfers, NRBs, rates, reliefs & exemptions incl. gifts to charity/political parties, trust assetsInheritance tax on death: nil-rate band and residence nil-rate band
- Residence: SRT, UK ties, long-term UK residence status, impact on IT/CGT/IHTLong-term UK residence and the FIG regime
- Residence: SRT, UK ties, long-term UK residence status, impact on IT/CGT/IHTStatutory Residence Test
- UK tax compliance: self assessment, PAYE, returns, payments, evasion & avoidanceSelf-assessment and administration
- Stamp Duty, SDRT and SDLT: transactions, rates, main reliefsStamp Duty Land Tax on residential property
- Stamp Duty, SDRT and SDLT: transactions, rates, main reliefsStamp taxes on investments (SDRT)
- VAT and Corporation Tax (outline)VAT and Corporation Tax in outline
- Direct investments: cash & equivalents, gilts, corporate bonds, equities, propertyGilts and collective investments (OEIC/unit trusts)
- Direct investments: cash & equivalents, gilts, corporate bonds, equities, propertyProperty income: rental profits, the property allowance and rent-a-room
- Pension arrangements (taxation of)Pension taxation: allowances and their triggers
- ISAs and other savings accountsISAs: a complete tax shelter
- Onshore/offshore collectives and investment companiesOnshore/offshore fund taxation nuances
- Onshore/offshore life policies, qualifying & non-qualifying, adviser fees on tax-deferred withdrawalsInvestment bonds and top-slicing relief
- REITsREITs: property income by another route
- VCTs, EISs, SEISs (basic outline)EIS, SEIS and VCTs in outline
- Impact of taxes on individuals, trusts and investments in different situationsTrusts and their tax treatment
- Tax planning: spouses/civil partners, children, pensions, ISAs, CGT reliefs; lifetime gifts, business relief, wills & trusts, joint tenancies, tenancies in common, deeds of variation; gifting/selling investments incl. charitiesTax-efficient planning strategies
- Elementary tax planning recommendations (investments AND pensions advice)Case-study application of tax rules to client scenarios