The taxation of small businesses 2018/19

The taxation of small businesses 2018/19 /

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Author: James, Malcolm (Author)
Format: Electronic eBook
Language:English
Published: London : Spiramus Press, 2018
Edition:Eleventh edition.
Subjects:
Small business > Taxation > Law and legislation > Great Britain.
Business enterprises > Taxation > Law and legislation > Great Britain.
Income tax > Law and legislation > Great Britain.
Local Note:ProQuest Ebook Central
Table of Contents:
  • Intro; About the author; Contents; List of abbreviations; Tables of authorities; Cases; Statutes; Regulations; Chapter 1. Income Tax Computation; 1.1. Aggregation of Taxpayer's Income; 1.2. Interest; 1.3. Limit on Deductions from Adjusted Net Income; 1.4. Payments to Charities; 1.4.1. Gift Aid scheme; 1.4.2. Gifts of land and buildings or shares; 1.5. Personal Allowances Deducted from Net Income; 1.5.1. Introduction; 1.5.2. Personal allowance; 1.5.3. Transfer of Personal Allowance; 1.5.4. Blind person's allowance; 1.5.5. Savings Allowance; 1.5.6. Trading allowance; 1.5.7. Property allowance
  • 1.6. Computation of Tax1.6.1. Tax rates; 1.6.2. Extension of basic rate band; 1.6.3. Dividends Nil Rate Band; 1.7. Tax Reducers; 1.7.1. Categories of tax reducers; 1.7.2. Married couple's age allowance (MCAA); 1.7.3. Reduction in MCAA; 1.7.4. Marriage during tax year; 1.7.5. Transfer of MCAA; 1.7.6. Maintenance payments; 1.8. Tax Retained on Interest, Royalties and Gift Aid donations; 1.9. Comprehensive Example; 1.10. Death and Separation; 1.10.1. Death; 1.10.2. Divorce and separation; 1.11. Married Couples
  • Joint Property; 1.12. Minor Children; 1.13. High Income Child Benefit Charge
  • Chapter 2. Taxation of Trading Income2.1. Introduction; 2.2. Statutory Definitions of Trading; 2.3. Statutory Trades; 2.4. Case Law; 2.4.1. Badges of trade; 2.4.2. Trading or investment; 2.4.3. Profit motive; 2.4.4. Subject matter; 2.4.5. Frequency of transactions; 2.4.6. Length of ownership; 2.4.7. Supplementary work; 2.4.8. Manner in which assets are acquired and circumstances surrounding sale; 2.5. Gambling and Speculation; 2.6. Illegal Activities; 2.7. Individuals Trading in Shares; 2.8. Definition of Trading
  • National Insurance; 2.9. Mutual Trading; 2.10. Election to Use Cash Basis
  • 2.10.1. Conditions for making election2.10.2. Amendments to rules relating to computation of profits; 2.10.3. Transitional provisions
  • unrelieved capital expenditure; 2.10.4. Spreading of adjustment income; 2.11. Capital and Revenue Receipts; 2.11.1. General principles; 2.11.2. Compensation for loss or sterilisation of profit-making apparatus; 2.11.3. Compensation for loss of profit; 2.11.4. Compensation for loss of or damage to fixed assets; 2.11.5. Compensation and liability to tax; 2.11.6. Know-how; 2.11.7. Foreign currency transactions; 2.11.8. Grants
  • 2.12. Receipts not Received in Course of Trade2.12.1. Non-contractual receipts; 2.12.2. Unclaimed money; 2.12.3. Commission, discounts and cashback; 2.12.4. Sponsorship; 2.13. Other Receipts; 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest; 2.13.2. Release from debts; 2.13.3. Directors' fees and professional appointments; 2.13.4. Rent receivable; 2.13.5. Casual receipts; 2.13.6. Receipts in kind; 2.13.7. Post-cessation receipts; 2.14. Capital and Revenue Payments; 2.15. Expenditure Incurred in the Course of a Trade; 2.16. Duality of Purpose

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