Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Paper 2: Business Tax

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

By: Ben Portlock
Start Studying

Decks in this class (20)

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

More about
Paper 2: Business Tax

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Ben Portlock's Paper 2: Business Tax flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Business Paper 2
  • 5 decks
  • 49 flashcards
  • 1 learners
Decks: Csr, Protectionism, Marketing Mix, And more!
Small Business Taxes For Dummies
  • 1 decks
  • 74 flashcards
  • 1 learners
Decks: Book Contents, And more!
Meg's Psychology Paper 2
  • 33 decks
  • 661 flashcards
  • 4 learners
Decks: Approaches Emergence Of Psychology As A, Approaches Behaviourism, Approaches Social Learning Theory Slt, And more!
ATT Law for Tax Practitioners
  • 24 decks
  • 699 flashcards
  • 28 learners
Decks: 1 The Nature Of Law In The Uk, 2 Persuasive Legal Concepts, 3 Constitutional And Administrative Law, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions