P6 Advanced Taxation

P6 Advanced Taxation(UK) (KAPLAN)

• Overseas aspects of CGT
• Corporation tax groups with consortium relief
• VAT groups
• IHT vs CGT
• Lease vs buy assets
• Employment income: share options and redundancy payments


P6 Advanced Taxation(UK) (BPP)


Section A will involve two case study questions covering around 60-70% of the marks. One will be from a personal tax perspective and the other from a corporate tax perspective. Both questions will cover a range of topics and taxes and will require the construction of professional documents like reports/letters.

Section B will comprise 3 questions making up the balance of the marks.
Topics that may appear this sitting are as follows:
Liquidation
Group/Consortium relief
Close companies
Sole trader/partnerships
Inheritance tax versus capital gains tax
Property income
Enterprise investment scheme/venture capital trust
Termination of employment
Income tax losses
Personal service companies
Land and buildings aspects of VAT

P6 Advanced Taxation (ICOUNT)


· Advising on IHT mitigation with CGT aspects of lifetime gifts.
· Corporation tax groups with VAT groups.
· Sole trader trading losses.
· Employee share schemes.



P6 Advanced Taxation (FIRST INTUITION)

Income tax- overseas aspects of income tax, share option schemes, change of year end, trading losses, partnerships, EIS and VCT relief
Corporation tax – close companies, benefits for participators, non-UK companies trading in the UK, groups and trading losses and groups and gains, including pre-entry elements. Overseas subsidiary or branch.
CGT – PPR and gift reliefs, reorganisations and takeovers
VAST – capital goods scheme, flat rate scheme
Administration – payment of corporation tax in instalments
IHT – related property, BPR