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Saturday, Jul 20, 2019

17:47

Timetables

Professional Exams 2019

Qualification: FAE

Subject: - Tax Elective (Paper 3)

Exam Date: 23rd August 2019

Course:


Following our two day intensive revision course FAE students should have the necessary skills and knowledge to successfully provide answers that:

  1. Advise on and manage the conduct of a Revenue Audit
  2. Advise on significant recent tax developments.
  3. Review taxation implications of business decisions triggering a potential liability to Capital Taxes, from both the individual and corporate perspectives
  4. Advise clients on optimising the tax outcomes of business decisions
  5. Discuss the main VAT implications of a property transaction and advise accordingly
  6. Advise clients on the VAT outcomes of a change of ownership of a business
  7. Advise clients on the interaction of taxes arising in the context of a given situation



The areas of special attention during our two day revision course include the following:

1. Revenue Audit Code of Practice (2017)


2. Events which trigger the charge to Capital Acquisitions Tax, Capital Gains Tax and Stamp Duty, with particular focus on the following themes:
  • Transfer of a business to a family member, a third party or on death
  • Cash Extraction by individuals and companies
  • Retirement Planning
  • Reorganisation of a business – with or without a change of ownership


3. Opportunities to apply the main business and sectoral reliefs available under both the Capital Acquisitions Tax and Capital Gains Tax codes, and show the differences in qualification for reliefs:
  • Relief for the transfer of a business to a company (CGT)
  • Retirement relief (CGT)
  • Relief for the transfer of site to child (CGT)
  • Negligible value relief (CGT)
  • Entrepreneur relief (CGT)
  • Agricultural property and business reliefs (CAT)
  • Relief for surviving spouse/civil partner of a deceased person (CAT)
  • Favourite nephew/niece relief (CAT)
  • Dwelling house relief (CAT)


4. The territoriality provisions in the Capital Taxes, in particular in relation to where assets are situated, and the administrative issues arising therefrom.


5. How gifts made to or by corporate bodies are charged to Capital Acquisitions Tax. This includes advising on the implications of under/overvalued transactions between directors/shareholders and private limited companies, with particular reference to Close Company provisions.

 6 The tax law that applies to trusts and estates, to include:
  • Application of 6% and 1% charges
  • Available Exemptions
  • Anti-avoidance Provisions


7. How to identify and distinguish the treatments between corporate capital distributions and income distributions, and the consequences for both the company and the recipient, to include:
  • Buy-back of shares
  • Distributions on a liquidation


8. The criteria applying to Corporate Groups so that they can avail of the participation exemption for share transactions, and apply the participation exemption provisions in capital transactions



9. VAT on Property Transactions.


10. Mini One Stop Shop (VAT)  




Dates:


We will be running a two day intensive revision course on the following dates:

  1. Saturday, 15th June and Sunday, 16th June 2019 - 9.30am to 5.30pm.
  2. Satuday, 20th July and Sunday, 21st July 2019 - 9.30am to 5.30pm

PAYMENT IN FULL IS REQUIRED TO CONFIRM BOOKING.


AS OUR COURSES CATER FOR A MAXIMUM OF TWENTY, PLEASE BOOK EARLY TO CONFIRM YOUR PLACE.


Timetables are provisional and subject to change.


Courses will only run subject to demand.






Course Cost:

€200.00

Make an enquiry about this course

Contact Details

52 Lower O'Connell Street,
Dublin 1

Telephone: 01 - 872 8561
Email: info@taxgrinds.ie

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