ACA考试：BPT知识点总结（上）-中国ACA考试网

　　BPT知识点总结

　　对于以下没有提及的知识点：

　　1、为TAX考试基础点，在这里不多提及。

　　2、为低频考点，建议在最后时间仍然充裕的条件下去阅读。

　　3、CHAPTER 21/22/23为前19章考点的整合，阅读时建议，综合前19章节的知识点整体理解。

　　针对*标记的知识点，或为难点，或为重要知识点，蓝色字体部分会在后续补充完整的复习笔记:)。

　　CHAPTER 1 ETHICS

　　对于ethics请自行理解

　　CHAPTER 2 IT AND NIC

　　NIC(1+2+4)

　　*VENTURE CAPITAL(EIS+SEIS+VCT)

　　CHAPTER 3 EI

　　TERMINATION PAYMENTS

　　(PAYMENTS TYPES+3---EXEMPT,TAXABLE,PARTLY EXEMPT

　　EXEMPTION￡30,000

　　ELEMENT OF FOREIGN SERVICE---SUBSTANTIAL+PART EXEMPT

　　TAXATION--TOP SLICE/HIGHEST MARGIN)

　　*SHARE SCHEMES

　　(TAX ADVANTAGED:CGT注意EMI即可

　　NON-TAX ADVANTAGED:IT+CGT+*NIC

　　employee shareholder shares:IT+CGT treatment+material interest)

　　Pension schemes

　　(2 Methods:net pay arrangement+relief at source

　　tax relivable amount

　　AA increase+*restriction：high income individual+2条件

　　AAC+LAC rates)

　　CHAPTER 4 TI

　　CA on cessation

　　CA on succession—connected person+joint eletion

　　*Trading losses

　　(opening year losses

　　S83,s64--CGT s261B,s72,s89,*s86注意+2 condition,

　　Restriction on relivable amount against total income)

　　CHAPTER 5 CGT

　　Chargeable assets注意CGT产生条件

　　Nil gain nil loss basis between spouses/civil partners

　　Transfer between connected persons(MV)

　　AEA前面抵减区别

　　1.Current year loss/*s.261B converted loss

　　2.c/f capital loss

　　CGT rates区别

　　1.Residential property

　　2.most assets

　　Deferred consideration—contingent—MV

　　CHAPTER 6 CGT RELIEFS

　　*Rollover relief

　　1.timing

　　2.*Fully/partly invested---chargeable gain

　　3.Depreciating assets—up to 10 years)

　　*Gift relief

　　1.qualifying assets

　　2.*specific treatment for consideration received

　　3.specific treatment for immediate IHT

　　**ER(lifetime limit￡10m)

　　1.qualifying assets/share—

　　additional condition:employee/director

　　2.ownership period区别assets/shares

　　3.*注意treatment:losses+AEA+unused BRB

　　4.Associated disposal

　　5.*Goodwill on incorporation

　　*Incorporation relief

　　1.condition+3

　　2.consideration received shares/cash

　　注*gain on goodwill from incorporation---ER的应用

　　Paper for paper takeovers/swap shares

　　1.shares only----same date and cost

　　2.received cash

　　specific condition—reduce base cost

　　OR cash element gain

　　3.received loan note

　　qualifying----deferred until disposal

　　OR same date and same cost

　　4.*disapply???ER是否应用成立，skills!!!

　　CHAPTER 7 IHT

　　各种exemption amount----annual/gift

　　Valuation

　　CLT---death tax on CLT(20%/25%)

　　PET---death tax on PET

　　Death tax on death estate(QSR+transferred NRB+additional NRB for residence+36%)

　　*BPR/APR

　　(conditions+*died within 7 years)

　　Gift with reservation of benefit

　　(condition+*minor benefit+higher amount)

　　Variation---IHT+CGT condition

　　CHAPTER 8 PERSONAL TAX---INTERNATIONAL ASPECTS

　　*Residence—split year rule

　　Remittance basis—automatic/apply----RBC rates

　　Investment exemption

　　1.remit from uncharged income

　　2.invest within 45 days

　　Temporary NON-UK R

　　CHAPTER 9 TRUSTS

　　几乎不涉猎

　　CT(single company)

　　CHAPTER 10 CT--SINGLE

　　51%group

　　*R&D

　　(rev expenditure types+capital expenditure

　　SME:additional deduction+tac credit 14.5%

　　Large:expenditure credit 11%

　　1.计入TTP

　　2.capped+2)

　　*IFA

　　1.follow accounting treatment OR 4%WDA

　　2.goodwill----no amortization after 08 July 2015

　　3.*rollover relief---deemed expenditure+2

　　4.*Patent box

　　Profit attributable to patents

　　Less:notional return based on cost 10%

　　Less:notional market royalty based on rev

　　AMOUNT

　　1)Original method:Patent box deduction reduce profit

　　(AMOUNT 0.9 (0.2-0.1)/0.2 FY2016)

　　remaining profit 20%=effective tax rate 10%

　　2)Post-BEPS

　　AMOUNT N% 10%

　　 (1-N%) 20%

　　Other trading profit 20%

　　**SSE+share for share

　　CHAPTER 11 FINANCE

　　*lease

　　(1.non long funding lease/long funding lease

　　2.operating/financing lease)

　　CHAPTER 12 CT LOSSES

　　Capital losses

　　1.set against first available gain

　　2.*allocate to other chargeable gains group companies.

　　Trading losses

　　1.s.45

　　2.s.37(3)(a)/(b)

　　3.*s.39 TLR

　　36 month before the start of the penultimate AP

　　36 month before the start of the final AP

　　4.group relief

　　Deficit on NTLR

　　1.in the same year—any profit

　　2.c/b—profit on NTLR

　　3.c/f---Non-trading profits+gain

　　4.group relief

　　CHAPTER 13 ANTI-AVOIDANCE FOR OWNER-MANAGED BUSINESS

　　**Employment&self-employment

　　1.factors considered:

　　(Degree of control+financial risks+client portfolio+work performed)

　　2.self-employed-----sole trader

　　IT-trading profit+NIC 2+4

　　3.use of intermediaries---companies/partnership

　　*Personal service companies+managed service companies

　　(condition+application+calculation)

　　*Close companies

　　1.conditions

　　2.*loan to participators/employees

　　3.*benefits to participators/employees

　　4.Qualifying interest

　　来源：于濮铭，微信号：Puming_Paddy-Yu，由中国ACA网【www.aca.cn】综合整理发布，若需引用或转载，请注明来源！

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