This class was created by Brainscape user Kate Lovegreen. Visit their profile to learn more about the creator.
By:
Kate Lovegreen
- decks
- flashcards
- learners
Decks in this class (25)
1. TC - Property Income
How is basic property income calc...,
What type of income is property i...,
Does property income get taxed on...
38
cards
2. TC - Pensions
Who can get tax relief on their p...,
What are the 2 types of pension s...,
Describe the occupational pension...
34
cards
3. TC - Trading Income
What are the steps for adjusting ...,
Show the adjustments to profit,
What is disallowable expenditure
67
cards
4. TC - Capital Allowances
What are the steps to tax a sole ...,
What are capital allowances,
Define plant and machinery
77
cards
5. TC - Partnerships
What is a partnership,
How are partners taxed,
How are partners profits allocated
15
cards
6. TC - Employment Income
Lay out the employment income pro...,
How is employment income assessed...,
When are earnings deemed to err r...
66
cards
7. TC - Income tax computation
Describe the income tax pro forma,
Is income on tax comp shown gross...,
What are the main types of exempt...
47
cards
8. TC - Cash basis of accounting
Who can elect to use the cash basis,
How are cash basis trading profit...,
What are the differences when adj...
29
cards
9. TC - Corporation Tax
What is total taxable profits,
What is corporation tax paid on,
What does ttp stand for
69
cards
10. TC - Chargeable gains for companies
What is the pro forma is used to ...,
What are the differences for char...,
What is rpi
29
cards
11. TC - Additional aspects of corporation tax
What tax relief is given to compa...,
When are pension contributions di...,
What are incidental costs of loan...
35
cards
12. TC - NI and further admin matters
Who pays class 1 primary nics,
What are class 1 nics paid on,
When can an individual end up pay...
51
cards
13. TC - Chargeable gains for individuals
What is the scope of cgt ie what ...,
What is a chargeable disposal,
Give some examples of things that...
51
cards
14. TC - Stamp taxes
What is stamp duty charged on,
When does stamp duty reserve tax ...,
What is the amount of stamp duty ...
47
cards
15. TC - Ethics
What are the 5 fundamental princi...,
Define integrity,
Define objectivity
93
cards
16. TC - CGT Reliefs
What is rollover relief also know...,
What does roll over relief do,
When can roll over relief be claimed
60
cards
17. TC - Overseas aspects of IT and CGT
Why is it important to determine ...,
How do you know whether an indivi...,
What is a domicile
42
cards
18. TC - Unincorporated trader losses
When does a trading loss arise,
How is a trading loss shown on th...,
How can trading losses be used
29
cards
19. TC - Corporation tax losses
When does a trading loss arise,
How is the trading loss shown on ...,
What are the different options fo...
20
cards
20. TC - Groups
Who is group loss relief availabl...,
When are companies members of a 7...,
Can a company be a member of more...
62
cards
Ch 21. TC - Inheritance tax: basic principles
What is a transfer of value,
What is a chargeable property,
What is a chargeable person
43
cards
22. TC - IHT: death estate and valuation
When does the diminution in value...,
How do you calculate thhe diminut...,
Tyu1a mr t owns 75 of a team ltd ...
42
cards
23. TC - IHT: reliefs and other aspects
What is business property relief ...,
What does bpr stand for,
How is business property relief c...
79
cards
24. TC - VAT
What is vat charged on,
What is a taxable person,
What is a taxable supply
92
cards
25. TC - Summary notes
Ethics describe tax avoidance,
Ethics describe tax evasion,
Ethics what happens with a hmrc e...
20
cards
More about
TC
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Kate Lovegreen's TC flashcards for their ICAEW class now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
