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Personal Taxation - R03
Please note that our material has been updated and the material for the 2012/13 syllabus (exams from 1st September) is now available as a download by clicking the "Buy Now" button below. CDs are no longer available.
On Download 
Price: £40
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Size: 13 modules, approximately 4 hours of material
Download time: approx 6 minutes over high speed broadband
Please note: After purchase you will receive an email that includes the download link. If this doesn''t appear in your inbox within a few minutes please check your spam folder.
The key areas of each module is shown below.
| Module 1 (11 minutes) RO3: the exam and preparing for it |
Regulated Diploma exam structure . The R03 exam . multiple-choice questions . exam preparation . 7 golden rules for the exam |
| Module 2 (31 minutes) Income tax |
Direct and indirect taxes . types of taxable income . rates of tax . deductions from income inc pension contributions . benefits in kind . personal allowances |
| Module 3 (21 minutes) Income tax calculations |
Non-savings, savings and dividend income . personal allowance . the 6 steps for calculating income tax . taxation and family members . 5 types of trust – how they are taxed |
| Module 4 (19 minutes) National insurance |
Income subject to NI . class 1 and 1A . IR35 . class 2 . class 4 . class 3 |
| Module 5 (24 minutes) Capital gains tax |
What is a disposal? . valuing assets . chargeable and exempt transfers . private residences . 6 steps to calculating CGT . CGT reliefs . payment of CGT . CGT and the five trusts |
| Module 6 (28 minutes) Inheritance tax |
Cumulation . exempt transfers . PETs . chargeable lifetime transfers . transferable nil-rate bands . IHT reliefs . gifts with reservations . POAT . valuation of transfers . IHT and the five trusts |
| Module 7 (20 minutes) Residence and domicile |
Residence tests . ordinarily resident . domicile . not ordinarily resident . non-doms . remittance basis . self-assessment . double taxation |
| Module 8 (17 minutes) Tax compliance and self assessment |
Self assessment and important dates . payments on account . penalties . PAYE . tax avoidance v tax evasion . the Ramsey principle |
| Module 9 (12 minutes) VAT, corporation tax and stamp duty |
Stamp duty: rates, stock transfer . VAT: output and input amounts, registration, rates, administration . Corporation tax: assessing liabilities, rates, dividends, close companies |
| Module 10 (20 minutes) Tax treatment of direct investments |
Savings: interest, fixed interest, national savings . guaranteed equity bonds . equities . property: buy-to-let, rent-a-room . furnished holiday lets |
| Module 11 (27 minutes) Tax on indirect investment products |
Registered pension schemes . ISAs . OEICS and unit trusts . reporting and non-reporting funds . qualifying life policies . friendly societies . Annuities . overview of life policies under trust . indirect property investments: REITS, insurance funds, investment trusts . EIS . VCTs |
| Module 12 (22 minutes) Tax affairs and tax planning for individuals and trusts |
Tax mitigation strategies: income, CGT and NI . estate planning . tax efficient investments . overseas investments |
| Module 13 (23 minutes) Crammer module |
This consists of the summaries of the previous modules. |