Tax Guide 2001-2002 [electronic resource] /
Sinclair, Walter.author.
This is the 30th anniversary edition of the leading guide to taxation in Britain. It will incorporate updates following the Finance Act 2001 and contains full coverage of taxes, recent changes and the main implications of taxes. A bestseller with students, professionals and private individuals it is a practical guide which explains in simple terms how the tax system works and how to best minimise tax liabilities.
Cover; Contents; Preface; Abbreviations; Introduction; 1 This year's tax changes; 1.1 Introduction; 1.2 Income tax; 1.3 Tax on employments; 1.4 Profits averaging; 1.5 Business taxation; 1.6 Capital gains tax; 1.7 Inheritance tax; 1.8 Tax-beneficial investments; 1.9 Anti-avoidance etc; 1.10 International matters; 1.11 Landfill tax; 1.12 Value added tax; 1.13 Stamp duty; 1.14 National Insurance contributions; 1.15 Key rates and allowances 2001-2002; 2 The basis of your tax liability; 2.1 Who is taxable?; 2.2 The taxes payable; 2.3 What income is taxable?
2.4 Deduction of tax at source and tax credits2.5 The distinction between capital and revenue profits; 2.6 Revenue and capital expenses; 2.7 Bank and building society interest; 2.8 Year of assessment; 2.9 Period of assessment less than full year; 3 Personal reliefs; 3.1 Earned and unearned income; 3.2 Personal allowances; 3.3 Indexation of personal reliefs; 3.4 Working family and other tax credits; 4 Annual payments and interest; 4.1 Annual payments apart from interest; 4.2 What are annual payments?; 4.3 Interest payments; 4.4 Interest paid for business purposes
4.5 Tax relief for interest payments4.6 Loans for purchase and improvement of buildings and land; 4.7 Deduction of tax from mortgage interest payments; 5 Computing your income tax bill; 5.1 Indexation of income tax bands; 5.2 What is total income?; 5.3 Total income - deductions; 5.4 Charges on income; 5.5 Deductions from tax payable; 5.6 Investment income; 5.7 The assessment and payment of your income tax; 5.8 Interest on overdue tax; 5.9 Fluctuating income; 6 Husband, wife and children; 6.1 Independent taxation of husband and wife; 6.2 When you marry; 6.3 Separate assessment
6.4 Separate taxation of wife's earnings6.5 Deeds of covenant; 6.6 The income of your children; 6.7 Death of husband or wife; 6.8 Divorce or separation; 7 Income from land and property; 7.1 The current property income tax system; 7.2 Income falling within Schedule A; 7.3 Losses; 7.4 Assessment under Schedule A; 7.5 Furnished lettings; 7.6 'Rent a room'; 7.7 Holiday lettings; 7.8 The taxation of lease premiums; 7.9 Woodlands; 7.10 Dealing in property; 7.11 Artificial transactions in land; 7.12 Agricultural land etc; 7.13 Land sold and leased back; 7.14 Landfill tax; 7.15 Aggregates levy
8 Income from dividends and interest8.1 How dividends are taxed; 8.2 Interest paid on government securities, etc; 8.3 Bond washing - accrued income; 8.4 Interest not taxed at source (Schedule D Case III); 8.5 Basis of charge under Schedule D Case III; 8.6 Building society interest; 8.7 Bank interest; 8.8 Deep discount and deep gain securities; 8.9 Scrip dividend options; 8.10 Personal Equity Plan (PEP); 8.11 Tax exempt special savings accounts (TESSAs); 8.12 Individual Savings Account (ISA); 8.13 Venture Capital Trusts (VCTs); 9 Life assurance; 9.1 Introduction; 9.2 Types of life assurance
9.3 Qualifying policies
Includes index.
This is the 30th anniversary edition of the leading guide to taxation in Britain. It will incorporate updates following the Finance Act 2001 and contains full coverage of taxes, recent changes and the main implications of taxes. A bestseller with students, professionals and private individuals it is a practical guide which explains in simple terms how the tax system works and how to best minimise tax liabilities.
Accounting.
Macroeconomics.
Finance.
Finance, Public.
Financial Accounting.
Macroeconomics/Monetary Economics//Financial Economics.
Popular Science in Finance.
Public Finance.