Personal - Income Tax

This class was created by Brainscape user Jacob Caine. Visit their profile to learn more about the creator.

Decks in this class (16)

Basics
The main taxable social security ...,
What is the personal allowance 2,
Abatement of the personal allowan...
5  cards
Investments Income
How is interest always received 1,
What does the level of savings al...,
The dividend nil rate applies to 3
4  cards
Deductible Payments
The main types of deductible paym...,
The total amount deductible is th...
2  cards
Tax Reducers
What can t tax reducers create in...,
What is the marriage 2,
A marriage allowance election is ...
10  cards
Donations to Charity
Donations attract tax relief when 1,
What election can be made on gift...,
How are gifts of quoted shares la...
5  cards
Self-Assessment
When must a notification of charg...,
A paper return should be filed no...,
An online return should be filed ...
13  cards
Scottish Taxpayers
How is the savings allowance calc...,
Gross gift aid donations extend t...
2  cards
Property Income
What is a uk property business 1,
What is the default method for ca...,
When are security deposits recogn...
18  cards
NICs
When are class 2 4 nics not requi...,
Who can make voluntary class 2 ni...,
What are the thresholds rates for...
5  cards
Pensions
How is a flexi access drawdown ta...,
How is income taxed under a flexi...,
The maximum contribution to a pen...
11  cards
Misc. Provisions
Who can open a lifetime isa 1,
The maximum that can be invested ...,
Funds withdrawn from a lifetime i...
13  cards
VCTs
The income tax relief is withdraw...,
What is the clawback of the relief 2,
What income is exempt from tax 3
3  cards
EMIs
When does a tax charge arise on 1,
How is an emi option treated if e...,
To grant an emi option the compan...
6  cards
The Remittance Basis
Who can claim the remittance basis 1,
How is the remittance basis claim...,
How is remitted income treated in...
10  cards
Double Tax Relief
When is double tax relief applied 1,
The tax credit is the lower of the 2
2  cards
The Accrued Income Scheme
How is accrued income reported 1
1  cards

More about
Personal - Income Tax

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