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R03: Personal Taxation

R03 covers the UK personal taxation framework that financial advisers must understand to give compliant advice. Topics include income tax, investment income taxation, capital gains tax, inheritance tax, trust taxation, and stamp duties. R03 is widely regarded as one of the more demanding R-series units due to the breadth and detail of tax legislation covered.

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Units

UK Tax System Structure

1 topic

Income Tax

1 topic

Investment Income Taxation

1 topic

Capital Gains Tax (CGT)

1 topic

Inheritance Tax (IHT)

1 topic

Taxation of Direct Investments

1 topic

Taxation of Indirect Investments

1 topic

Trust Taxation

1 topic

Stamp Duties

1 topic

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2026-01-29

CII R03 Personal Taxation: The Calculation Topics You Must Know

Frequently Asked Questions

What topics are covered in CII R03?

CII R03 covers the UK tax system structure, income tax, investment income taxation, capital gains tax (CGT), inheritance tax (IHT), taxation of direct and indirect investments, trust taxation, and stamp duties.

How many questions are in the CII R03 exam?

The CII R03 exam consists of 100 multiple-choice questions to be completed in 2 hours. The pass mark is 70%.

Is CII R03 hard?

R03 is considered one of the more challenging R-series units because it requires detailed knowledge of UK tax legislation across income tax, CGT, IHT, and trusts. Systematic practice with difficulty-graded questions is essential.

How should I prepare for CII R03?

Build a strong foundation in income tax first, then work through CGT and IHT systematically. CII Prep provides R03 practice questions at easy, medium, and hard levels, with detailed explanations covering all taxation topics.