AF1 exam – Personal Tax & Trust Planning – Audio MP3 Download

£58.33 + VAT

Our AF1 audio material is currently being updated for the October 2019 exam.  Buy this now and the new material will be sent to you automatically when available, expected early August.

Our AF1 Personal tax and trust planning Audio study guide. Around 6 hours of simple and effective exam study material for you to use when commuting, running, at the gym and just about anywhere!
(Buy the AF1 study notes along with your audio download and save.)

Sample of our AF audio module – click play to listen

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Description

AF1 exam audio guide – AF1 Personal tax and trust planning. Size: 16 modules, approximately 6 hours of material
Download time: approx 5 minutes over high speed broadband

Please note: After purchase you will receive an email that includes the download link within just 5 minutes. If you don’t receive this in your inbox, please check your spam folder.

AF1 Personal tax & trust planning:

Introduction

Module 1- AF1 exam and technique (17 minutes)
Structure of the AF1 exam | Exam preparation | 10 golden rules to remember in the exam | frequently tested areas

Module 2 – Taxation and self assessment (19 minutes)
The UK taxation system | self assessment | payment due dates | PAYE | GAAR and disguised employment

Module 3 – Income tax (27 minutes)
Definitions e.g. tax liability, tax payable | structuring income tax calculations | savings income | tax reducers | holiday lettings | rent a room relief

Module 4 – Income tax calculations (21 minutes)
Non-savings, savings and dividend income | personal allowance | the six steps for calculating income tax | taxation and family members | five types of trust – overview to how they are taxed

Module 5 – National insurance contributions (18 minutes)
Self employed v employed | class 1 contributions | company directors | class 2 contributions | small earnings exceptions | class 4 contributions and payment dates | class 3 contributions

Module 6 –Capital gains tax (22 minutes)
Rules on disposals | chattels and wasting assets | connected persons | CGT calculations | partial disposals | CGT reliefs: entrepreneurs’, holdover, business rollover, rollover relief on incorporation, reinvestment relief

Module 7 – Investments (28 minutes)
Letting residential property | taxation of onshore and offshore investment bonds | distributor and non distributor investments | gilts | PIBS | child trust funds | ISAs | futures and options | EIS and SEIS | VCTs

Module 8 – Inheritance tax (27 minutes)
Domicile and deemed domicile | exempt transfers | chargeable lifetime transfers | PETs | IHT calculations | gifts with reservation | POAT | agricultural property relief | business property relief | quick succession relief

Module 9 – Residence and domicile (22 minutes)
The three residency tests | arrivers and leavers | tax implications of residency | domicile | deemed domicile | non domicile | double taxation

Module 10 – An introduction to trusts (29 minutes)
The structure of trusts: settlor, trustees, trust property, beneficiaries | the role of the trustees: Trustee Act 2000 | Saunders v Vautier | introduction to eleven types of trust

Module 11 –Trust creation (21 minutes)
Rules and uses | the four ways of creating a trust | the three certainties | Perpetuities and Accumulations Act 1964 and 2009 | the ten most common uses of trusts

Module 12 –Trust investment and administration (18 minutes)
Investment powers and duties: Trustee Act 2000 | conversion and accumulation | Variation of Trust Act 1958 | charitable trusts | offshore trusts

Module 13 – Powers of attorney (18 minutes)
Powers of attorney | enduring power of attorney | Court of Protection | Mental Capacity Act 2005 | lasting power of attorney | Office of the Public Guardian

Module 14 – Wills and intestacy (20 minutes)
The process and consequences of dying testate and intestate | disclaimer | deed of variation | challenging a will

Module 15 – Bankruptcy (19 minutes)
The basics of bankruptcy | Enterprise Act 2002 | role of the trustee in bankruptcy | priority for payments | prior transactions | effect of insolvency on investments and pensions | Individual Voluntary Agreements | tax issues

Module 16 – The taxation of trusts (37 minutes)
Income tax: bare, interest in possession, discretionary and A&M trusts | CGT: bare, interest in possession, discretionary and A&M trusts | Inheritance tax: bare, interest in possession, discretionary and A&M trusts | pre – and post -Budget 2006 | overseas trusts | the administration of tax on death

Module 17 –Trusts, life insurances and pensions (35 minutes)
Married Woman’s Property Act 1882 | non-statutory trusts | the tax position of policies under trust | POAT | associated operations | main uses of trust policies | trusts and pensions

AF1 Personal tax & trust planning:

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