ACA考试：BPT知识点总结（上）
 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！ |
