Study For Tax In Your Coffee Break

• SUMMER REPLAY: Tax Treatment for Share Buybacks - CGT vs Income Tax

  Thank you to Amicus: Search and Recruitment for Sponsoring this episode. To find your next Finance or Accounting Role, head to https://amicus.ie/ and tell them that we sent you!This is a replay of a previous episode in the feed. We will be back to normal broadcast next in September 2025.In this episode, Paula talks about the different tax considerations related to Share Buybacks for companies, and the reliefs available when a company deftly manages whether CGT or Income Tax is required in each scenario.Topics Covered:Overview of Share BuybackGeneral explanation of share buyback.Context in exams - a case study where a company buys back shares.Income Tax vs. Capital Gains Tax (CGT) TreatmentDefault treatment as an income tax event under schedule F.Preferable treatment as a CGT event and why (lower tax rate at 33%, CGT reliefs).Conditions for CGT TreatmentThe company must be a trading company or a holding company of a subsidiary.Shares must be in an unquoted company.Shares must have been held for five years by an Irish resident individual.Redemption must be for the benefit of trade.Substantial reduction in the shareholder's interest (25% reduction, shares 30% or less post-redemption).Examiner's IndicatorsRecognizing share buyback questions in exam cases (e.g., shareholders not getting along, detrimental to the company).Tax Reliefs for Qualifying ShareholdersEntrepreneurial relief and retirement relief.Potential to pay no tax on share buyback.Treatment for Non-Qualifying ShareholdersTaxed under schedule F.Tax calculation: agreed buyback price minus nominal value of shares.Rate of tax at marginal rate.Withholding tax at 25% by the company.Special ConsiderationsDistinction from close company transactions.Capital loss for those taxed under income tax.Company's Perspective on Share BuybackPotential stamp duty liability.No stamp duty if shares are converted to redeemable preference shares first.*****Thank you for listening to Study For Tax in your Coffee Break! If you enjoyed the episode, make sure to leave a rating and review on your Podcast platform and share it with others to let them know you enjoyed the podcast.If you'd like to purchase the books from which the content of this podcast is made, head to https://paulabyrne.ie/tax-books/.Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.

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• How to Build Your Ideal ACCA ATX Study Routine with Shauna Doherty

  Thank you to Amicus: Search and Recruitment for Sponsoring this episode. To find your next Finance or Accounting Role, head to https://amicus.ie/ and tell them that we sent you!In this episode, I’m joined by the brilliant Shauna Doherty: winner of the Advanced Tax Prize for Ireland in the December 2024 sitting! 🏆Shauna joined my course late (just after sitting SBL in September!) and still managed to secure the highest mark in the country for ATX. An incredible achievement and she’s kindly come on to share exactly how she did it.We chat all about:How she balanced studying for two professional papers at onceWhy she gave 90% of her time to ATX—and still had a social life!Her bulletproof routine and planning approachHow working with others and asking questions made a huge differenceThe mindset shift from "just pass it" to actually enjoying taxShauna’s strategy is full of smart, sustainable study tips and if you’re feeling overwhelmed, this episode will calm the chaos and give you a real-world roadmap from someone who’s been there and won the big prize!Thank you for listening to Study For Tax in your Coffee Break! If you enjoyed the episode, make sure to leave a rating and review on your Podcast platform and share it with others to let them know you enjoyed the podcast.If you'd like to purchase the books from which the content of this podcast is made, head to https://paulabyrne.ie/tax-books/.Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.

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• Don't Miss Your Mocks to Succeed on the ACCA ATX Exam with Caron Coffey

  Thank you to Amicus: Search and Recruitment for Sponsoring this episode. To find your next Finance or Accounting Role, head to https://amicus.ie/ and tell them that we sent you!In this episode, I’m joined by one of my brilliant former students turned chief mock corrector, Caron Coffey. Caron sat ATX with me back in December 2022 and has been an essential part of my teaching team ever since. Not only does she have a passion for tax (yes, really!), but she’s also deeply committed to helping our students pass—and she doesn't miss a thing.We chat about:Why mock exams are non-negotiable if you want to passCommon mistakes students make in mocks—and how to avoid themHow good layout and clear structure can win you marksWhat exam technique really looks like under pressureCaron’s own ACCA journey (including sitting ATX and AAA at the same time!)How finding a study buddy can keep you going (shoutout to Grace!)If you're tempted to skip a mock because “you’d rather be studying,” this one’s especially for you.Thank you for listening to Study For Tax in your Coffee Break! If you enjoyed the episode, make sure to leave a rating and review on your Podcast platform and share it with others to let them know you enjoyed the podcast.If you'd like to purchase the books from which the content of this podcast is made, head to https://paulabyrne.ie/tax-books/.Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.

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• Ethics

  Thank you to Amicus: Search and Recruitment for Sponsoring this episode. To find your next Finance or Accounting Role, head to https://amicus.ie/ and tell them that we sent you!In this episode, I take a deep dive into one of the most deceptively challenging areas of tax exams: ethics. It might only be worth five marks, but identifying exactly which ethical principle is being breached—and why—can be trickier than it seems.I break down the five key ethical principles that you need to know inside and out:Professional behaviourObjectivityProfessional competence and due careConfidentialityIntegrityYou’ll hear real-world scenarios that bring these abstract principles to life, like handling conflicts of interest in a small practice, navigating client relationships, or what to do when a client asks you to overlook a mistake. I also talk about the practical safeguards you need to consider, especially in small firms, and how to keep your professional integrity intact even in sticky situations.Thank you for listening to Study For Tax in your Coffee Break! If you enjoyed the episode, make sure to leave a rating and review on your Podcast platform and share it with others to let them know you enjoyed the podcast.If you'd like to purchase the books from which the content of this podcast is made, head to https://paulabyrne.ie/tax-books/.Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.

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• Selling Shares

  Thank you to Amicus: Search and Recruitment for Sponsoring this episode. To find your next Finance or Accounting Role, head to https://amicus.ie/ and tell them that we sent you!In this episode, we’re looking at what happens when shares are being sold—by a person or by a company—and how that affects your tax treatment in the exam. With markets taking a dip in April 2025, it’s a timely topic, and a favourite for the examiner too.I’ll walk you through how to spot whether the shares are quoted or unquoted, why that matters, and what reliefs (if any!) might be available. We’ll cover Entrepreneur Relief, Retirement Relief, and the lovely Holding Company Exemption, along with some very exam-relevant group structure traps like clawbacks and capital group transfers.Main Topics covered in this Episode:Difference between quoted and unquoted sharesIdentifying who is disposing of the shares (individual vs company)Capital Gains Tax (CGT) implications for individualsEntrepreneur Relief and Retirement ReliefCorporation Tax on chargeable gains for companiesHolding Company ExemptionClawback of reliefs in group structuresImportance of exam technique and common trapsThank you for listening to Study For Tax in your Coffee Break!If you enjoyed the episode, make sure to leave a rating and review on your Podcast platform and share it with others to let them know you enjoyed the podcast.If you'd like to purchase the books from which the content of this podcast is made, head to https://paulabyrne.ie/tax-books/.Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.

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