Income tax 计算格式Non‐savings income Savings income Dividend income Trading profit X X Employment income X X Property business income X X Savings (x100/80)X X Dividends (x100/90)X X Total income X X X X Less: qualifying interest paid(X)(X) Net income X X X X Less: personal allowance(10000+‐)(X) Txable income X X X X Income tax liability X Less tax suffered at source
Dividends (10%)X
Savings (20%)X
PAYE (20‐45%)X(X) Income tax payable X Trading Profit(only for self‐employed)个税
Profit Before Taxation X Add: Non‐deductible expenditure X Less: Income under other schedules(X)
Interest Income(X)
Dividend Income(X)
Rent Income(X)
Profit on disposal of non‐current(X) Less: Capital Allowance (私用扣WDA; AIA asset; FYA; BC/BA(X) Tax adjusted Trading Profit X Employment Income X Salary货币收入X Bonus货币收入X
Commission货币收入X Add:Benefit in kind非货币收入X Less: Allowable deduction如OPC职位养老金(X) Employment Income X
Taxable benefit on not‐job related living accommodation X General Charge = Annual value & Rent paid by the employer，取高值X Add:Additional charge = (Cost ‐ £75,000) * official interest rate X
这里，如购买日‐第一次出租<6年，取Cost；>6年，取第一次出租时MV Less: Job related part(X) Less: Rent paid by employee(X)
X
Mileage Allowance
Employer Paid X Less: HMRC 10,000 at 45p; > 10,000 at 25p(X) Taxable benefit X Or Allowable deduction(X) Capital Gain Tax
Gross proceeds X Less: Incidental costs of disposal(X) Net proceeds X Less: Cost(X) Less: Enhancement expenditure包括诉讼费，建围栏(X) Capital gain/(capital loss) X/(X) Less: Individual annual exemptio11000如果已经为loss，不再扣(X) Taxable gain X/0 Capital Loss
Current gains X
deductible
CY capital losses先抵扣当年损失(X)1
X Capital losses b/fwd再抵扣去年损失(X)2
X Less: Individual annual exemptio11000(X) Taxable gain如net loss，可带去次年X Part disposal
Proceeds of part disposal A Less: selling costs(X) Net proceeds X Less: Original cost of whole asseA/(A+B) = C(C) Chargeable gain X Gift Relief (纯赠送)
A: Disposal proceeds MV
Less: Cost(X)
Capital Gain X'
Less: Gift Relief(X')
Chargeable Gain (Donor No gain/No loss) 00 B:Base cost of asset = MV – Gift Relief
(Rest of the gain is rolled over into the base cost for a subsequent disposal of the asset) Gift Relief for sale under value (半卖半送)
A: Disposal proceeds MV
Less: Cost (X)
Capital Gain X1先算X2，倒退得X1X1
Less: Gift Relief for sale at under value (Balancing Figure)(X)
Chargeable Gain X2(X2=Actual consideration ‐ cost)X2 B:Base cost of asset = MV – Gift Relief for sale at under value = consideration
(Rest of the gain is rolled over into the base cost for a subsequent disposal of the asset)
Gift of shares 难点！
Free hold property CBA & CA
Leasehold property CBA & CA
Stock流动资产，都不是
Debtors T/R，流动资产，都不是
Investments CA
Plant (cost & proceeds <6000Non wasting chattel, exempt
Creditors T/P, Liability，都不是
Lifetime tax: proforma
Gift X Less: AE (X) Less: AE b/f (X) Net gift after exemptions X Less: Nil band remaining:
Nil band at date of gift X*
less: CLTs in last 7 years be(X)(X)
X Tax@20% (or 20/80) X * Nil band for 2014/15 is 325,000
Death tax: proforma
Gross CLT/PET X Less: nil band remaining: Nil band on death325000
Less: GCTs in 7 years before gift(X)
Nil band remaining(X)
X Tax @ 40% IHT IHT Less: taper relief
% × IHT (X)(X)
X
Less: lifetime tax (on CLT) (X) Death tax due X Death estate: proforma
CHARGEABLE ESTATE X
Less: nil band remaining: Nil band on death325000
Less: GCTs in 7 years before death(X)
Nil band remaining(X)
X Tax @ 40% IHT IHT Corporation tax 计算格式
Trading Profits(accruals)X Investment Income (accruals)(accruals)X Property Business Income (accru
als)(accruals)X Net chargeable gains (receipts)(cash basis)X Less: Qualifying charitable donations (payments)(cash basis)(X) Taxable total profits X PLUS: Franked Investment In非关联企业(<50%)分红X Augmented Profits (for tax rate only)X Trading profit企税
Profit before taxation X Add: Non‐deductible expenditure X Less:Income under other schedules(X) Less: Capital allowance – P&M(X) Trading Profit X Investment Income
Interest income (actual cash amount received gross by companies)