The AF1 preparation workshop aims to increase your chances of passing the exam. AF1 is a challenging exam and candidates need to be well prepared if they are to have a reasonable chance of passing. This will be very much a revision workshop, so it’s important that you come with a reasonable knowledge of the main subjects of the syllabus.
Day 1 Taxation
By the end of day 1, you will be able to calculate and explain accurately a liability to income & capital gains tax whose situation is typical of those tested in previous AF1 papers.
Day 2 Trusts & IHT
By the end of day 2, you will be able to calculate and explain accurately a liability IHT whose situation is typical of those tested in previous AF1 papers, together with details on 14 year rule, PETs, CLTs, exemptions etc. This leads very much into the session on trusts, where we spend time on the various types of trusts available and focus on the application, taxation and characteristics.
The days will commence at 9:30am and finish by 4:30pm, with breaks timetabled for lunch etc throughout the day.