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ACCA F6: Taxation

This class was created by Brainscape user Mohammad Hamza Matin. Visit their profile to learn more about the creator.

By: Mohammad Hamza Matin
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Decks in this class (13)

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
29  cards
Ch14: Chattels and Private Residence Relief
(1) Chattels (2) Wasting Assets (other than Chattels) (3) PRR
6  cards

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ACCA F6: Taxation

  • Class purpose General learning

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