Personal tax: key principles and practical scenarios
Stay up to date with personal tax changes. Learn key updates on BADR, IHT, FHL rules and residency to support compliance and confident decision-making.
Course Type
E-learning
Length
60 minutes
What you’ll achieve
- Understand BADR eligibility, conditions, lifetime limits and key disposal risks
- Recognise FHL regime changes and resulting tax and compliance implications
- Understand the new residence-based regime and 4-year FIG eligibility rules
- Identify key tax considerations for internationally mobile individuals and clients
- Apply updated IHT relief rules and planning considerations effectively
About this course
Tax rules are changing rapidly, leaving many professionals struggling to stay compliant and confident. With increasing demand for tax expertise and compliance awareness, this e-learning course delivers relevant, practical training where it matters most. Over four 15-minute modules you’ll build your tax knowledge and gain confidence in key areas, developing the judgement to identify risks and escalate when needed.
- Working in a practice environment, particularly in a client-facing role, supporting private clients with personal tax matters.
- An AAT professional member or licensed professional looking to stay current with evolving personal tax rules.
- An AAT student or trainee accountant building practical knowledge in tax, accounts preparation or general practice.
- A tax assistant, accounts assistant or bookkeeper who needs to identify personal tax issues and understand when to escalate.
- A professional working with private clients who wants to strengthen their confidence in applying tax principles in real-world scenarios.
Overview
E-learning |
|
60 minutes |
|
Tax, VAT |
Syllabus
- Business Asset Disposal Relief (BADR)
- purpose and significance of BADR for business owners
- disposal types that qualify for BADR
- key conditions for share disposals in owner-managed companies
- how the BADR rate and lifetime limit affect the value of the relief
- common risk areas including cessation, associated disposals, share rights and trading status
- the importance of reviewing eligibility before a sale, reorganisation or dilution event.
- Property Tax: changes to the Furnished Holiday Lettings (FHL) rules
- the abolition of the separate FHL tax regime from April 2025
- impact of the removal of tax advantages available to FHL owners
- the new tax treatment of finance costs, capital allowances, losses and pension contribution relief
- Capital Gains Tax implications, including the loss of most business-related CGT reliefs
- practical adviser considerations, including issues affecting joint owners and the treatment of transitional capital allowance pools.
- The new long-term resident rules
- the replacement of the remittance basis with the residence-based Foreign Income and Gains (FIG) regime from 6 April 2025
- eligibility criteria for the four-year FIG regime
- implications of making a FIG claim
- the purpose and operation of the Temporary Repatriation Facility
- an overview of the new Inheritance Tax long-term resident test
- key considerations for advisers supporting internationally mobile clients.
- Changes to inheritance tax, Business Property Relief (BPR) and Agricultural Property Relief (APR)
- the purpose and operation of APR and BPR
- the new £2.5 million allowance for 100% relief from 6 April 2026
- how relief is applied to values exceeding the allowance, including the standard 50% relief
- transferability between spouses and civil partners
- changes affecting AIM-type shares
- key trust, gift and inheritance tax payment considerations
- the information required for advisers before providing IHT planning advice.
How to access
Once purchased you will be able to access the AAT Learning Portal where you'll have 12 months from the date you access the learning materials. AAT Learning Portal allows you to view all the courses you’ve purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.
