Author Description

Definitions and theories -- Jurisdiction: the taxing power -- Sources -- The setting of the tax system -- Tax avoidance -- Historical introduction -- Income tax: basic concepts -- The tax unit -- Taxation and Social Security -- Deductions and credits for taxpayer expenditure and losses -- Personal reliefs and tax reductions -- Calculations -- Employment income: scope and PAYE -- Employment income: emoluments/earnings -- Benefits in kind and the convertibility principle -- The benefits code and exemptions -- Employee share schemes -- Employment income: deductions and expenses -- Business income - Part I: Scope -- Business income - Part II: basis of assessment and loss relief -- Business income - Part III: principles and receipts -- Business Income - Part IV: trading expenses -- Business Income - Part V: timing and trading stock (inventory) -- Capital allowances -- Income from land in the United Kingdom -- Savings income: interest and premium, bond and discount -- Miscellaneous income including annual payments -- Income not otherwise charged -- Trusts -- Death and estates -- Income splitting: arrangements and settlements -- Introduction and policy -- Structure and elements -- Assets -- Disposals: (1) general -- Disposals: (2) Gifts, bargains not at arm's length and other gratuitous transactions -- Leases -- Options -- Death -- Trusts -- Shares, securities and other fungible assets -- Capital gains tax and business -- Computation of gains -- Inheritance tax: introduction -- Transfers of value by disposition -- Death -- Gifts with reservation -- Settled property: introduction -- Trusts with interests in possession -- Relevant property trusts with no qualifying interest in possession -- Favoured trusts -- Companies -- Exempt transfers: conditions and allocation where partly exempt -- Particular types of property -- Valuation: rules, charges and reliefs -- Accountability and administration -- Incidence of tax -- International -- Corporation tax - Introdu