These tips should be used in conjunction with proper studying.The key examinable areas are based on Kaplan's experience and understanding of the ACCA exams and will help focus your last minute revision.

P6 - ADVANCED TAXATION Exam Tips for June 2009 by FTC

Corporation tax

Loan relationship rules

Group relief - tax planning; consortium relief, company losses

Capital allowances with AIA

Expansion overseas: branch vs. subsidiary


Double tax relief: WHT and ULT

Research and development

Takeovers: pre acquisition trading and capital losses

Close companies

Capital gains tax

Reliefs: incorporation relief, Entrepreneurs' relief, gift relief

Capital gains groups

Share takeovers or reorganisations

Inheritance tax

Estate computations

Business property relief


Income tax

Overseas aspects for employees

Sole trader/partnerships cessation, with planning, possibly losses

Benefits: car, loan, accommodation, share schemes


Land and buildings, including capital goods scheme

VAT groups

Partial exemption

Overseas aspects


Lease vs. buy assets: net cost

Incorporation: all aspects (IT, NICs, CGT, VAT, stamp duty)

Badges of trade: IT vs. CGT

Employee vs. partner

CGT vs. IHT for lifetime gifts


Please also read all the recent Examiners Articles relevant to your papers - available on the ACCA website or in the Student Accountant magazine.

We hope you find these useful; remember that the key to success, other than knowing the material well, is question practice so try to attempt as many questions as you can in the run up to the exams.