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Decks in this class (21)
Ch1: Introduction to the UK Tax System
(1) Types of Taxes.
(2) Structure of the tax System.
(3) Sources of Revenue Law.
(4) Tax Avoidance / Planning / Evasion
10
cards
Ch2: Computing Taxable Income and Income Tax Liability
(1) Statutory Residence Test
(2) Exempt Income
(3) Personal Allowance
(4) Tax Rates
(5) Computations
(6) Transferable Personal Allowance
(7) Gift Aid
(8) Loans
(9) Marriage Allowance
(10) Child Benefits
7
cards
Ch3: Employment Income
(1) Employment vs Self-Employment
(2) Earnings Received
(3) Allowable Deductions
(4) Travel Expenses
4
cards
Ch4: Taxable and Exempt Benefits: The PAYE System
(1) Accommodation
(2) Private Use of Employers Assets
(3) Company Cars, Vans and Fuel
(4) Interest-Free Loans
(5) Exempt Benefits
(6) PAYE
21
cards
Ch5: Pensions
(1) Contributions to Pensions
(2) Annual Allowance
5
cards
Ch6: Property Income
(1) Basis of Assessment
(2) Allowable Deductions
(3) FHLs
(4) Rent-A-Room Relief
(5) Lease Premiums
6
cards
Ch7: Computing Trading Income
(1) Non-Deductible Expenditure (ADD BACK)
(2) Deductible Expenditures (DO NOT ADD BACK)
(3) Cash Basis
19
cards
Ch8: Capital Allowances
(1) Capital Allowances Computation
(2) Special Rate Pool (SRP)
(3) Enhanced Capital Allowances
(4) Cars
(5) Private Use Assets
(6) Short Life Asset (SLA)
(7) Cessation of Trade
(8) Structures & Building Allowance (SBA)
21
cards
Ch10: Trading Losses
(1) Loss Relief Against Total Income
(2) Restrictions on Relief Against General Income
(3) C/F Loss Relief
(4) Trading Losses Relieved Against Capital Gains
(5) Losses in Opening Year
(6) Terminal Loss Relief
(7) Choice of Loss Relief and Other Planning
7
cards
Ch11: Partnerships
(1) Profit-Sharing Ratio (PSR)
(2) Losses
(3) New Partnerships Commencing
3
cards
Ch12: NIC
(1) Scope of NIC
(2) Employed Earners
(3) Self-Employed Earners
10
cards
Ch13: Computing Chargeable Gains
(1) Chargeable Persons, Disposals and Assets
(2) Exempt Disposals
(3) Enhancement Expenditure
(4) CGT Payable by Individuals
(5) Date Payable & CGT Planning
(6) YE Computations / Capital Losses
(7) Part Disposals
(8) Transfers between Spouses / Civil Partners
(9) Compensation or Insurance Money
28
cards
Ch14: Chattels and Private Residence Relief
(1) Chattels
(2) Wasting Assets (other than Chattels)
(3) PRR
13
cards
Ch15: Business Reliefs
(1) BADR
(2) Investor's Relief
(3) Gift Holdover Relief
(4) Replacement of Business Assets (Rollover Relief)
17
cards
Ch16: Shares and Securities
(1) Valuing Quoted Shares
(2) Matching Rules
(3) Bonus Issues
(4) Rights Issues
(5) Reorganisation and Takeovers
(6) QCBs
8
cards
Ch17: Self-Assessment and Payment of Tax by Individuals
(1) Notifications of Liability to Income Tax and CGT.
(2) Self-Assessment Tax Returns.
(3) Records
(4) Payment Dates
(5) Compliance Checks and Appeals
12
cards
Ch18: Inheritance Tax - Scope and Transfers of Value
(1) Scope of IHT
(2) Transfer of Value
(3) Exemptions
(4) Types of Lifetime Transfers - PET/CLT
(5) Calculations of Lifetime Tax on Lifetime Transfers
(6) Death Tax on Lifetime Transfers
(7) Death Estate
(8) NRB & Death Estate
(9) Spouses & Civil Partners - Transferable NRB
(10) Tax Planning
(11) Payment of IHT
23
cards
Ch19: Computing Taxable Trading Profits and Corporation Tax Liability
(1) Charge to CT
(2) TTP
(3) Trading Income
(4) Loan Relationships
(5) Property Business Income
(6) QCD
(7) Long POA
(8) Calculations of CT Liability
(9) Associated Companies
15
cards
Ch20: Chargeable Gains for Companies
(1) Indexation Allowances
(2) Disposal of Shares by Companies
(3) Bonus & Rights Issues
(4) Relief for Business Assets (ROR)
1
cards
Ch21: Loss Relief for Single Companies
(1) Computing Trading Losses
(2) Factors affecting Choice of Loss Relief
(3) Relief on Cessation of Trade
(4_ Property Business Losses & Capital Losses
12
cards
Ch22: Groups
(1) Group Relief
(2) C/F Group Relief
(3) Alternative Loss Reliefs
(4) Chargeable Gains Group
4
cards
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ACCA F6: Taxation
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