Taxation 3 (NI) 2023–2024

Taxation 3 (NI) 2023–2024 is the textbook for Chartered Accountants Ireland FAE Advanced Taxation course, which focuses on a broader understanding of the framework in which taxation operates and the interaction between taxes to equip students with the necessary skills to advise on the taxation implications of a range of business decisions. It is updated to Finance (No.2) Act 2023. Taxation 3 (NI) brings together and builds on material studied at CA Proficiency 1 and 2 levels, focusing on three key areas: the life cycle of a business and capital taxes planning, international tax implications, and the framework for taxation, and advanced aspects of VAT. This textbook provides students with the core competencies to: advise on the structure and funding of a business, from sole traders to corporate groups and the acquisition or disposal of businesses and company reorganisations; understand the taxation implications of business decisions that trigger a potential liability to capital taxes, from both an individual and a corporate perspective, and to advise on the optimal tax outcome; advise on the most tax-efficient method of extracting profits from a company, including pension contributions, company liquidation and share buybacks; advise on how to avoid double taxation; advise on the VAT implications of a change of ownership of a business and on property transactions; and advise on the conduct of an audit or enquiry by the HM Revenue & Customs.