Technical articles

Advanced Taxation (ATX) was previously known as P6 Advanced Taxation. All exam resources listed as P6 can be used for studying ATX.

Advanced Taxation United Kingdom (ATX-UK)

Finance Act 2017
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article summarises the changes made by the UK Finance Act 2017. 

Finance Act 2018
Relevant to those sitting ATX-UK in June, September or December 2019 or March 2020
This article summarises the changes made by the UK Finance Act 2018. 

Summary of available articles
An overview and synopses of the latest technical articles to support you in your studies.

Corporation tax 
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article considers the taxation of a company as it begins trading, acquires an additional business, and eventually invests overseas. It sets out the commercial decisions taken by the company and its shareholders at the different stages in the company’s development and summarises the tax implications of those decisions.

Corporation tax – groups and chargeable gains 
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article begins by briefly summarising the rules relating to both group relief groups and capital gains groups. It then goes on to consider various issues relating to capital gains groups that could be introduced in an exam question. It does not include comprehensive explanations of the rules but assumes a reasonable knowledge.

Corporation tax – group relief 
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article begins by briefly summarising the rules relating to both group relief groups and capital gains groups. It then goes on to consider a number of group relief tax planning issues that could be introduced in an exam question. It does not include comprehensive explanations of the rules but assumes a reasonable knowledge.

Inheritance tax and capital gains tax
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article considers the occasions where both capital gains and inheritance taxes are relevant to a transaction. It also features illustrations of some issues that need to be considered when giving advice in the context of the exam.

International aspects of personal taxation
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article begins with some basic rules, an understanding of which enables the particular areas of tax affected by an individual coming to, or leaving, the UK to be identified. It then goes on to review those areas in some detail, and provides a clear set of questions to ask in order to determine an individual’s liability to UK taxes. Finally, it deals briefly with the impact of double tax relief and treaties.

Taxation of the unincorporated business
The new business
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article looks at the issues relating to a new business including the choice of business vehicle and the first years of trading.

Taxation of the unincorporated business
The existing business
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
This article looks covers some of the issues relating to extraction of profits, change of accounting date and the final years of a business.

Trusts and tax
Relevant to those sitting ATX-UK in September or December 2018 or March 2019
The transfer of assets to and from trustees is a complex area of the UK tax system. This article sets out the associated rules that may be examined in P6 (UK) and those areas where knowledge is not required. It considers the various types of trust and the capital gains tax and inheritance tax implications of transferring assets to a trust and property passing absolutely to beneficiaries.

Advanced Taxation - other variants

Pioneer status, investment tax allowance, and reinvestment allowance
Relevant to ATX-MYS
This article collates and discusses the provisions in the Income Tax Act 1967, and the Promotion of Investments Act 1986 (PIA). While reading this article, candidates are expected to refer to the relevant provisions of the Act and PIA, as amended.

Tax treatment of interest income and interest expense
Relevant to ATX-MYS
This article collates and discusses the provisions in the Income Tax Act 1967 to assist candidates with understanding the more intricate issues relating to interest income and interest expense. While reading this article, candidates are expected to refer where necessary to the relevant provisions of the Act and the Public Ruling 9 of 2015.

Aspects of tax administration in Malaysia
Relevant to ATX-MYS
This two-part article collates and discusses the provisions in the Income Tax Act 1967 (the Act) and the Real Property Gains Tax Act 1976 (RPGTA) relating to tax administration in Malaysia. While reading this article, candidates are expected to refer where necessary to the relevant provisions of the Act and RPGTA, as amended, and the relevant public rulings issued by the Inland Revenue Board.

Financing and leases: tax treatment
Relevant to ATX-MYS
This article discusses the provisions in the Income Tax Act 1967 (the Act) and the Real Property Gains Tax Act 1976 (RPGT Act). It examines the comparative tax treatment of investing in a company through debt or equity capital, acquiring a business through a share deal or asset deal, acquiring business assets through outright purchase, hire purchase, or leasing, and leasing and sub-leasing real properties.

Tax incentives for the venture capital industry
Relevant to ATX-MYS
This article provides an overview of the venture capital industry in Malaysia and the government’s effort in promoting this industry and made reference to the Public Ruling 2/2016 Venture Capital Tax Incentives.

The pitfalls of interest deduction claims by corporate taxpayers
Relevant to TX-HKG and ATX-HKG
This article is relevant to candidates preparing to sit TX-HKG and ATX-HKG. It aims to explain, in layman terms as far as possible, the Hong Kong tax rules and practice surrounding the claims for interest deductions by corporate taxpayers. It should be read in conjunction with The pitfalls of interest deduction claims by individual taxpayers.

Investment incentives
Relevant to ATX-MYS
This article focuses on sections A1(g) and A2(c) of the syllabus, with a discussion of the key points and highlighting areas worth noting, comparing and contrasting, where relevant.

Tax incentives for the health tourism industry
Relevant to ATX-MYS
This article is based on prevailing laws as at 31 March 2016 and provides an overview of the health tourism industry in Malaysia and the government’s effort in promoting this growing industry.

Miscellaneous receipts
Relevant to ATX-MYS
This article is relevant to section A3 of the syllabus, the nature and taxability of miscellaneous receipts including sums arising on disposal of, or otherwise dealing with, tangible and intangible assets, grants, subsidies, donations and contributions, awards, scholarships, and gifts and inheritances.

Anti-avoidance provisions in Malaysia
Relevant to ATX-MYS
This article is an updated version of the article published in November 2011. It is relevant to candidates preparing for ATX-MYS and the laws referred to are those in force at 31 March 2016. It discusses only the provisions in the Income Tax Act 1967 (the Act). 

Goods and Services Tax (GST): the concept of supply
Relevant to ATX-MYS
This two-part article covers the concept of supply and when a deemed supply will arise. It addresses transactions which are not regarded as a supply for GST purposes, particularly focusing on the transfer of a business as a going concern (TOGC). The second part goes on to address the four key concepts of supplies – namely type, place, time and value of supply. 

Death of an individual
Relevant to ATX-MYS
This article discusses the taxation of deceased estates in Malaysia and the RPGT treatment of real properties of a deceased individual.

Employee share schemes
Relevant to ATX-MYS
The purpose of this article is to discuss the Malaysian income tax implications arising from the provision of employee share schemes, focusing on Employee Share Option Schemes and Employee Share Purchase Plans.

Basis periods
Relevant to ATX-MYS
The focus of this article is the determination of basis periods for a company on the commencement of operations and when there is a change of accounting date.

Taxation of individuals – advanced aspects
Relevant to ATX-MYS
This article has been updated to prevailing tax laws as at 31 March 2016. 

The pitfalls of interest deduction claims by individual taxpayers
Relevant to TX-HKG and ATX-HKG
This article is relevant to candidates preparing to sit TX-HKG and ATX-HKG. It aims to explain, in layman terms as far as possible, the Hong Kong tax rules and practice surrounding the claims for interest deductions by individual taxpayers.

Share-based remuneration
Relevant to ATX-IRL
Share-based remuneration schemes are used by employers – mainly public companies – to reward employees and ensure their continued commitment. This article explains the tax treatment of four different types of share-based remuneration and is relevant to candidates preparing to sit the ATX-IRL exam.

Selected tax incentives in Singapore
Relevant to ATX-SGP
This article provides a quick overview of the common tax incentives provided in the Income Tax Act and the Economic Expansion Incentives (Relief from Income Tax) Act, which are examinable in ATX-SGP.

Taxation of trusts in Malaysia
Relevant to ATX-MYS
A comprehensive focus on the taxation of trusts in Malaysia, including an outline on what trusts are, aspects of tax treatment of trusts and trust beneficiaries, and tax computation of trusts.

Labuan: a comprehensive look
Relevant to ATX-MYS
This article aims to pull together various laws and successive development in the relevant laws relating to entities in Labuan, an island in the South China Sea established in 1990 as an international offshore financial centre (IOFC) and rebranded in recent years as an international business financial centre (IBFC).

Understanding the new legislation regarding intellectual property 
Relevant to ATX-CYP
This article explains the tax treatment of the new intellectual property regime for Cyprus tax resident companies.

Understanding the four-year rule for dividends between Cyprus tax resident companies 
Relevant to ATX-CYP
This article considers the tax treatment of the four-year rule which, when applied, does not allow for the exemption from the imposition of special defence contribution (SDC) on dividends between Cyprus tax-resident companies.

Understanding the benefit arising from debit balances
Relevant to ATX-CYP
Following the article 'Amendments to the ATX-CYP syllabus' (see 'Syllabus updates' below), a series of articles that consider these changes begins with a focus on a new form of income recognised in income tax law – the benefit that arises from maintaining a debit balance with a company.

Back-to-back loans
Relevant to ATX-CYP
This article explains the tax treatment of back-to-back loans, as well as an amendment relating to the deductibility of loan interest when the loan is used to purchase shares in a 100% subsidiary of a Cyprus company.

Real Property Gains Tax
Relevant to ATX-MYS
An update to the April 2011 article on Malaysia's Real Property Gains Tax.

Three new tax schemes in Singapore
Relevant to ATX-SGP
An explanation of the three tax initiatives that were introduced in Singapore in Budget 2010 and Budget 2011.

Share value shifting provisions
Relevant to ATX-MLA
This article provides an overview of the share value shifting provisions, which commonly feature in Question 1 of the ATX-MLA exam.

Double tax agreements
Relevant to ATX-MYS
The main features of double tax agreements and an explanation of some common terms and catchphrases used in connection with treaties.

Tax incentives for Malaysia as a regional hub and for research and development
Relevant to ATX-MYS
This article considers the incentives put in place to promote Malaysia as a regional hub for multinational companies and to encourage R&D activities in Malaysia.

Anti-avoidance provisions in Malaysia
Relevant to ATX-MYS
A focus on both the general and specific anti-avoidance provisions in Malaysia’s Income Tax Act 1967.

Revenue audit
Relevant to ATX-IRL
This article is based on the Revenue Audit Code of Practice 2010, which is effective from 1 October 2010 and is relevant for students sitting ATX-IRL from June 2012 onwards.

Hong Kong tax issues arising from outbound investments by Hong Kong resident taxpayers
Relevant to ATX-HKG
This article addresses the main issues relating to outbound investments made by a Hong Kong resident taxpayer - namely source of profits, permanent establishment and transfer pricing.

The export incentive regime in Malaysia
Relevant to ATX-MYS
An overview of the prevailing export incentives regime in Malaysia.

Real Property Gains Tax
Relevant to ATX-MYS
Highlighting some of the salient features of Malaysia's Real Property Gains Tax (RPGT) Act 1976.

The taxation of trusts
Relevant to ATX-IRL
This article is based on current tax legislation inclusive of the Finance Act 2009 and relevant for ATX-IRL candidates.

2010-2011 budget – tax measures 
Relevant to ATX-HKG
The new tax measures in the Hong Kong 2010-2011 budget.

Tax-efficient financing of business operations
Relevant to ATX-MYS
The Study Guide for ATX-MYS requires students to know how taxation can affect the financial decisions made by businesses (corporate and unincorporated) and by individuals.

Tax incentives for the financial services sector in Singapore
Relevant to ATX-SGP
The Singapore government has taken a proactive approach to ensure that the existing tax incentives remain current in the ever-changing landscape of the financial services sector.

Tax incentives for promotion of investment 
Relevant to ATX-MYS
The two tax incentives under the Promotion of Investments Act 1986 that are examinable in ATX-MYS.

The taxation of unit trusts and REITS 
Relevant to ATX-MYS
The specific provisions applicable to real estate investment trusts.

Joint and separate assessment 
Relevant to ATX-MYS
The principles of joint and separate assessment.

Group relief for companies
Relevant to ATX-MYS
The operation of group relief and the consequences for a surrendering company which gives incorrect information about its adjusted loss.

Study support videos

Capital gains tax
Steve Singleton from Kaplan Financial outlines how to approach capital gains tax questions in a P6 (UK) exam using previous exam questions as examples.
Cannot access Youtube? Watch it here

Professional marks – the difference between a pass and a fail
Julie Corkish, education technical adviser at ACCA, provides some hints and tips around ensuring you get those professional marks which could mean the difference between a pass and a fail in your exam.

Advice for students retaking exams
This video is about turning your exam fail into a pass at your next attempt. It suggests ways to reflect on where you went wrong, how to draw up an effective study plan, and practising exam questions.

Syllabus updates

Amendments to the P6 (CYP) syllabus
As a result of austerity measures, actions to combat fraud as well as measures aiming to promote business, there are significant amendments to tax legislation and consequently to the syllabus for the 2013 sittings. In addition, there are changes to the format of the paper. This article explains these changes and amendments.

Making the best Options choices 
The Options papers are the final exam hurdle. Peter Redfern, ACCA qualifications manager, explains how choosing Options papers which you are most comfortable with will, hopefully, improve your chances of success.

Exam technique

Passing Strategic Professional exams

This article looks at what you can do to improve your chances of passing ACCA’s Strategic Professional exams.

P6 – A guide to using the examiner’s reports
Guidance to help you if you are taking the P6 exam for the first time as this takes you through how to use the examiner’s reports as part of your revision phase as directed by the study-support guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

P6 – A guide to reflection for retake students
Guidance to help you if you are retaking the P6 exam as this takes you through the process of reflection using the examiner’s reports as directed in the retake guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

Passing the P6 (UK) exam
This article sets out the two issues which are relevant to success in the P6 (UK) exam: technical knowledge and exam technique.

Preparing for success in the P6 (MLA) exam
Useful tips for candidates planning to take P6 (MLA).

Examiner's approach to P6 (MYS)
This article provides guidance on a new style of question within Section A from the December 2014 sitting of P6 (MYS) and also provides some advice on good exam technique and best exam practice.

Examiner's approach to P6 (UK) – updated
The aim of the exam, its structure and format.

Examiner's approach to P6 (IRL)
The aim of the exam, its structure and format.

Examiner's approach to P6 (CYP)
P6 (CYP) enables candidates to acquire strong tax knowledge which is a fundamental prerequisite for a successful career.

Exam technique and fundamental technical issues
This article outlines two important aspects of examination technique and a number of fundamental technical areas that need to be mastered. This article is relevant to students who are beginning their studies and also those for whom the exam is imminent.

Guidance on answering Section A questions for P6 (UK)
An outline of some key advice for students on answering the two questions in Section A of P6 (UK).

Improving your performance
This article, which is relevant to all those preparing to sit P6 (UK), looks at the four aspects of exam technique: reading the question, satisfying the requirements, thinking, and time management. It also provides an overview of useful P6 (UK) technical articles.

Stepping up from F6 to P6
This article identifies the knowledge you need to bring from your F6 studies to be successful in P6.

How to earn professional marks
This article explains what professional marks are, how they are awarded at the Professional level and to remind potential candidates how best to achieve these additional, and often crucial, marks.

 

Exam support resources

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