ACA考试:BPT知识点总结(上)

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ACA考试
  BPT知识点总结

  对于以下没有提及的知识点:

  1、为TAX考试基础点,在这里不多提及。

  2、为低频考点,建议在最后时间仍然充裕的条件下去阅读。

  3、CHAPTER 21/22/23为前19章考点的整合,阅读时建议,综合前19章节的知识点整体理解。

  针对*标记的知识点,或为难点,或为重要知识点,蓝色字体部分会在后续补充完整的复习笔记:)。

  CHAPTER 1 ETHICS

  对于ethics请自行理解

  CHAPTER 2 IT AND NIC

  NIC(1+2+4)

  *VENTURE CAPITAL(EIS+SEIS+VCT)

  CHAPTER 3 EI

  TERMINATION PAYMENTS

  (PAYMENTS TYPES+3---EXEMPT,TAXABLE,PARTLY EXEMPT

  EXEMPTION£30,000

  ELEMENT OF FOREIGN SERVICE---SUBSTANTIAL+PART EXEMPT

  TAXATION--TOP SLICE/HIGHEST MARGIN)

  *SHARE SCHEMES

  (TAX ADVANTAGED:CGT注意EMI即可

  NON-TAX ADVANTAGED:IT+CGT+*NIC

  employee shareholder shares:IT+CGT treatment+material interest)

  Pension schemes

  (2 Methods:net pay arrangement+relief at source

  tax relivable amount

  AA increase+*restriction:high income individual+2条件

  AAC+LAC rates)

  CHAPTER 4 TI

  CA on cessation

  CA on succession—connected person+joint eletion

  *Trading losses

  (opening year losses

  S83,s64--CGT s261B,s72,s89,*s86注意+2 condition,

  Restriction on relivable amount against total income)

  CHAPTER 5 CGT

  Chargeable assets注意CGT产生条件

  Nil gain nil loss basis between spouses/civil partners

  Transfer between connected persons(MV)

  AEA前面抵减区别

  1.Current year loss/*s.261B converted loss

  2.c/f capital loss

  CGT rates区别

  1.Residential property

  2.most assets

  Deferred consideration—contingent—MV

  CHAPTER 6 CGT RELIEFS

  *Rollover relief

  1.timing

  2.*Fully/partly invested---chargeable gain

  3.Depreciating assets—up to 10 years)

  *Gift relief

  1.qualifying assets

  2.*specific treatment for consideration received

  3.specific treatment for immediate IHT

  **ER(lifetime limit£10m)

  1.qualifying assets/share—

  additional condition:employee/director

  2.ownership period区别assets/shares

  3.*注意treatment:losses+AEA+unused BRB

  4.Associated disposal

  5.*Goodwill on incorporation

  *Incorporation relief

  1.condition+3

  2.consideration received shares/cash

  注*gain on goodwill from incorporation---ER的应用

  Paper for paper takeovers/swap shares

  1.shares only----same date and cost

  2.received cash

  specific condition—reduce base cost

  OR cash element gain

  3.received loan note

  qualifying----deferred until disposal

  OR same date and same cost

  4.*disapply???ER是否应用成立,skills!!!

  CHAPTER 7 IHT

  各种exemption amount----annual/gift

  Valuation

  CLT---death tax on CLT(20%/25%)

  PET---death tax on PET

  Death tax on death estate(QSR+transferred NRB+additional NRB for residence+36%)

  *BPR/APR

  (conditions+*died within 7 years)

  Gift with reservation of benefit

  (condition+*minor benefit+higher amount)

  Variation---IHT+CGT condition

  CHAPTER 8 PERSONAL TAX---INTERNATIONAL ASPECTS

  *Residence—split year rule

  Remittance basis—automatic/apply----RBC rates

  Investment exemption

  1.remit from uncharged income

  2.invest within 45 days

  Temporary NON-UK R

  CHAPTER 9 TRUSTS

  几乎不涉猎

  CT(single company)

  CHAPTER 10 CT--SINGLE

  51%group

  *R&D

  (rev expenditure types+capital expenditure

  SME:additional deduction+tac credit 14.5%

  Large:expenditure credit 11%

  1.计入TTP

  2.capped+2)

  *IFA

  1.follow accounting treatment OR 4%WDA

  2.goodwill----no amortization after 08 July 2015

  3.*rollover relief---deemed expenditure+2

  4.*Patent box

  Profit attributable to patents

  Less:notional return based on cost 10%

  Less:notional market royalty based on rev

  AMOUNT

  1)Original method:Patent box deduction reduce profit

  (AMOUNT 0.9 (0.2-0.1)/0.2 FY2016)

  remaining profit 20%=effective tax rate 10%

  2)Post-BEPS

  AMOUNT N% 10%

   (1-N%) 20%

  Other trading profit 20%

  **SSE+share for share

  CHAPTER 11 FINANCE

  *lease

  (1.non long funding lease/long funding lease

  2.operating/financing lease)

  CHAPTER 12 CT LOSSES

  Capital losses

  1.set against first available gain

  2.*allocate to other chargeable gains group companies.

  Trading losses

  1.s.45

  2.s.37(3)(a)/(b)

  3.*s.39 TLR

  36 month before the start of the penultimate AP

  36 month before the start of the final AP

  4.group relief

  Deficit on NTLR

  1.in the same year—any profit

  2.c/b—profit on NTLR

  3.c/f---Non-trading profits+gain

  4.group relief

  CHAPTER 13 ANTI-AVOIDANCE FOR OWNER-MANAGED BUSINESS

  **Employment&self-employment

  1.factors considered:

  (Degree of control+financial risks+client portfolio+work performed)

  2.self-employed-----sole trader

  IT-trading profit+NIC 2+4

  3.use of intermediaries---companies/partnership

  *Personal service companies+managed service companies

  (condition+application+calculation)

  *Close companies

  1.conditions

  2.*loan to participators/employees

  3.*benefits to participators/employees

  4.Qualifying interest

  来源:于濮铭,微信号:Puming_Paddy-Yu,由中国ACA网【www.aca.cn】综合整理发布,若需引用或转载,请注明来源!

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