Aim
To ensure students can apply judgement and technique
in provision of a range of taxation services.
Objectives
On
completion of this paper candidates should be
able to:
-
prepare computations of and advise clients
on issues relating to clients of the liabilities
for individuals arising from income, capita;
disposals and transfers of value
-
prepare computations of and advise clients
on issues relating to clients of the liabilities
for corporations arising from income and
capital disposals
-
provide advice on minimising or deferring
tax liabilities for individuals or corporations
by utilising exemptions reliefs
-
evaluate an individual’s financial position
and recommend appropriate personal financial
plans and
-
demonstrate the skills expected in Part
3.
Content
Taxation of individuals income tax (employment,
self-employment and investment income), chargeable
gains, inheritance tax, impact of residence,
administration, national insurance.
Corporate businesses issues relating
to residence profits chargeable to corporation
tax, charges on income, chargeable gains, calculation
of the corporation tax liability, overseas aspects,
groups of companies, self-assessment system.
Tax
planning issues relating to income, corporation
tax, capital gains tax, and inheritance tax
exemptions, reliefs and allowances, trusts.
Personal
financial planning personal finance objectives,
investment business regulations, sources of
finance, financial services products, social
security.
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