P6 – advanced taxation
FBT
n Corporation tax
n Income tax
n Inheritance tax
n Incorporation of a business (lifecycle of a sole trader style)
n Share for share exchanges – perhaps to create a group
of OMBs
n Tax efficient ‘remuneration’ planning for a director
n Industrial buildings allowances (specifically on a building
being sold)
FTC
P6 – Advanced Taxation
- IHT vs CGT for lifetime gifts
- Sole trader/partnership cessation (IT, NICs, CGT and VAT),
possibly with incorporation
- Lease versus buy for assets
- Employed versus self-employed (IT and NICs)
- Badges of trade (IT vs CGT)
- Trusts (not a whole question)
- Corporation tax – possible areas:
-R&D
-SSE
-Expansion overseas/CFCs
-Group reorganisations
-Liquidations
- Overseas aspects of personal tax
- VAT group registration
- Ethics (up to 5 marks)