Timetables

Professional Exams 2020

Qualification: CAP 2

Subject: - Taxation (ROI) - Paper 4

Exam Date: Week commencing 10th August 2020

Course:

Two Full Days Intensive Revsion of the following:


CORPORATION TAX:

1. Administration & Basic Principles

• The operation of the self-assessment system, including Revenue audits (incorporating disclosures and mitigation of penalties), payment of tax, penalties, surcharges, interest and filing of returns.
• Computation of tax adjusted profits
• Corporation tax exemption for new start-up companies
• Calculation of the corporation tax or CGT arising on companies’ chargeable gains and losses

2. Research and Development

• Explanation of qualifying R&D activities and qualifying R&D expenditure
• Calculation and application of appropriate tax credit for research & development expenditure
• Conditions required to enable the surrender of R&D credits to key employees

3. Annual payments and charges

• The characteristics of charges on income and annual payments
• Application of relief for non-trade and trade charges

4. Corporation Tax Losses

• The treatment of relevant trading losses including relief on a value basis (and excluding relief for losses arising in an “excepted trade” )
• Application of trading and non-trading loss relief as appropriate
• Determination and application of terminal loss relief as appropriate

5. Treatment of interest received (Schedule D case III and IV)


6. Treatment of property income (Schedule D case V)


7. Distributions


8. Close companies

• Definition of a “close company”
• The anti-avoidance rules governing close companies
• Identification of a company categorised as a “service company”
• Determination and application of the surcharge on undistributed income as appropriate

9. Groups



CAPITAL GAINS TAX:

1. The general principles re computation of capital gains tax liabilities and administration of CGT
2. Wasting Assets
3. Development Land
4. Principal private residence relief
5. Relief for the transfer of a business to a company
6. Retirement relief
7. Revised entrepreneur relief
8. Relief for the transfer of site to child
9. The appropriate treatment of the disposal of chattels
10. Capital Losses



CAPITAL ACQUISITIONS TAX:

1. Dwelling house relief
2. Relief for insurance policies
3. Agricultural property and business property reliefs
4. Relief for surviving spouse of a deceased person
5. Favourite nephew/niece relief
6. Explain the interaction with capital gains tax (including CGT/CAT offset)
7. Limited interests, including single life interests and interests for a certain period and excluding early terminations



STAMP DUTY:

1. General principles regarding scope of charge and rates
2. Operation of the self-assessment system, including payment of tax, penalties, surcharges, interest and filing of returns
3. Treatment of gifts and asset sales
4. Treatment of property transactions
5. Relief for transfers of certain land between relatives
6. Relief for transfers between associated companies



The VAT implications in respect of the supply of land and buildings in Ireland.




We provide all relevant material will be supplied, so all you need to bring with you is a pen and paper.

Dates:

We will be running an intensive one day revision course on the following dates:

• Saturday, 11th and Sunday, 12th July 2020 - 9.30am to 5.30pm
• Saturday, 18th and Sunday, 19th July 2020 - 9.30am to 5.30pm
• Saturday, 25th and Sunday, 26th July 2020 - 9.30am to 5.30pm 

PAYMENT IN FULL IS REQUIRED TO CONFIRM BOOKING.



AS OUR COURSES CATER FOR A MAXIMUM OF TWENTY STUDENTS, 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

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