(Key areas required for practising certificate marked *)
6.1 Income Tax
- Prepare adjusted profit computations for sole traders / partnerships*
- Prepare income tax computations for Schedule D, E & F income sources*
- Calculate Capital Allowances*
- Understand conditions for, and claim, tax credits and loss relief *
- Advise on preliminary tax and filing requirements*
- Complete and submit Income Tax Returns*
6.2 Corporation Tax
- Prepare adjusted profit computations for companies*
- Prepare corporation tax computations for Schedule D, E & F income sources*
- Calculate Capital Allowances*
- Understand conditions for, and claim, manufacturing relief, small companies relief and loss relief*
- Claim Group / Consortia relief*
- Advise on close company surcharges and investment company tax considerations*
- Advise on preliminary tax and filing requirements*
- Complete and submit Corporation Tax Returns
6.3 Capital Gains Tax
- Prepare capital gains tax computations for disposals of property, shares and business assets*
- Prepare company chargeable gains tax computations*
- Understand conditions for and advise on Retirement relief, Transfer of business relief, Roll-over Relief*
- Advise on preliminary tax and filing requirements*
- Advise on Foreign Disposals
6.4 Other Taxes
- Perform planning review and computations for Capital Acquisition Tax*
- Residential Property Tax Computation*
- Calculation of Stamp Duty and Companies Capital Duty*