Paper 3.2 - Advanced Taxation

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.

Click on relevant title for PDF version of Paper 3.2 - Advanced Taxation syllabus.

Paper 3.2(CHN) - China
Paper 3.2(GBR) - UK
Paper 3.2(HKG) - Hong Kong
Paper 3.2(IND) - India 
Paper 3.2(IRL) - Ireland 
Paper 3.2(MYS) - Malaysia 
Paper 3.2(SGP) - Singapore 
Paper 3.2(ZAF) - South Africa
Paper 3.2(ZWE) - Zimbabwe