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By:
Ben Portlock
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Decks in this class (20)
Chapter 1 - IT Liability
Tax year 1,
Personal allowance 2,
Non savings income 3
9
cards
Chapter 2 - Trading Income & BOT
Trading income summary 1,
Definition of trading 2,
Badges of trade 3
13
cards
Chapter 3 - Adjustment To Profit
Basics 1,
Disallowed expenditure 2,
Examples of disallowables 3
19
cards
Chapter 4 - Common Adjustments
Pre trading expeniture 1,
Entertaining and gifts 2,
Interest payments 3
19
cards
Chapter 5 - Current Year Basis & Opening Year Rules
Period of account 1,
Current year basis 2,
Commencement of trade 3
10
cards
Chapter 6 - Overlap Relief & Closing Year Rules
Overlap 1,
Overlap profits 2,
Computing overlap profit 3
6
cards
Chapter 7 - Change of Accounting Date
Intro 1,
4 stage process stage one 2,
4 stage process stage two 3
7
cards
Chapter 8 - Capital Allowance Definitions
Plant and machinery 1,
Buildings 2,
Structures and land 3
9
cards
Chapter 9 - Capital Allowances - Basic Comps
General pool 1,
Gen pool additions 2,
Gen pool disposals 3
10
cards
Chapter 10 - CAs - FYA & AIA
First year allowance 1,
Fya qualifying expenditure 2,
Annual investment allowance 3
4
cards
Chapter 11 - CAs - Further Computations
Special rate pool 1,
Special rate pool and aia 2,
Special rate pool wda 3
9
cards
Chapter 12 - Cars & Other Assets
Cars definitions 1,
Cars fya 2,
Cars gen pool 3
15
cards
Chapter 13 - Losses - Continuous Trades
Intro 1,
Current year loss relief s64 2,
S64 cont 3
11
cards
Chapter 14 - Losses - Opening and Closing Year Rules
Opening year losses 1,
Overlap losses 2,
Effect of an early trade loss rel...
6
cards
Chapter 15 - Introduction to Partnerships
Definition 1,
Partnership agreement 2,
Tax treatment 3
9
cards
Chapter 16 - Partnership Changes
Intro 1,
Change in ratios 2,
Salaries and interest on capital 3
3
cards
Chapter 17 - Partnership Admissions and Retirements
Intro 1,
Partner admissions 2,
Partners retiring 3
3
cards
Chapter 18 - Partnership Losses
Intro 1,
Loss relief 2,
New partners and losses 3
6
cards
Chapter 19 - Simplification Measures
Flat rate expenses simplified exp...,
Motor expenses 2,
Motor rates 3
16
cards
Chapter 20 - Farmers
Averaging of profits 1,
Two year averaging 2,
Five year averaging 3
6
cards
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Paper 2: Business Tax
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