HMRC have an exemption of £30,000 available for termination payments while certain payments may be either fully exempt and fully taxable. In this episode, Neil explains the key criteria you should use in deciding the correct tax treatment of termination payments 

The degrouping charge is a technical topic and and arises after a nil gain/ nil loss transfer within a 75% CGT group. In this podcast , Neil explains how to compute the DGC and when it arises . The other associated area with this is the substantial shareholding exemption and if the SSE conditions are satisfied , the DGC becomes tax free. 

Personal Service Companies is a very topical area now as HMRC is implementing IR-35 legislation in all sectors of the economy. When taking on a contractor , the end-client is now held responsible for ensuring that the client is IR-35 compliant. In this podcast , Neil explains now the deemed salary is computed and the tests HMRC use. 

In this podcast , I have explained how the principal private residence exemption works and the associated letting relief. This is a very popular area for the exam and one of the main tax breaks available in the UK. 

This podcast covers group relief, a popular tax exam topic. Companies can give losses to other group companies but in order to effectively surrender the loss , you initially have to understand the difference between loss groups and related companies . This is an Advanced Tax topic and covers some technical detail. 

In this podcast, I have explained how self employed payments on account work and the final balancing payments. When giving advice to clients , it is important for the client to budget accordingly so the tax payments are paid on time. We will hear about Candy's Sweet Jabs, a Botox studio that gives clients their youthful looks back . 

If you are sitting a tax exam and want to know about rollover relief, this episode is for you. Rollover relief is the classic deferral relief and enables businesses to postpone gains on business assets like goodwill or buildings by reinvesting in replacement business assets.