Learning Objectives

On completion you will be able to:

• demonstrate knowledge of how income tax and capital gains tax is applied to income
• calculate the income tax liabilities of an individual
• calculate income from all sources and apply relevant allowances, deductions and reliefs to prepare accurate income tax computations
• calculate the individual liability for capital gains tax

Learning Outcomes

• Demonstrate an understanding of legislation and procedures relating to personal tax.
• Understand the current taxation principles of income from employment.
• Understand the current taxation principles of savings, non savings and dividend income for an individual.
• Understand the current taxation principles of property income for an individual.
• Understand the current principles of basic capital gains taxation for an individual.
• Calculate income from all sources accurately.
• Calculate accurately the tax payable on income.
• Account for capital gains tax correctly.
• Prepare accurate computations and complete.
• The relevant parts of the self assessment tax returns correctly.