Business Tax
Adjusting profits, capital allowances, and taxing sole traders, partnerships and companies, including chargeable gains and reliefs.
Subsections
Read the lessons, then take the check. The check pulls in anything you struggled with earlier in the unit.
Adjusted trading profit and capital allowances
Turn accounts into taxable trading results and distinguish expenditure reliefs.
- The tax framework and adjusted profit5 min
- Plant and machinery allowances4 min
- Private use, disposals and company reliefs5 min
Business structures, losses and compliance
Calculate liabilities for individuals and companies and manage claims and deadlines.
- Sole traders, partnerships and NIC5 min
- Corporation tax and trading losses5 min
- Returns, payments and penalties5 min
Business chargeable gains and reliefs
Compute disposal gains and distinguish exemptions, deferrals and reduced rates.
- Computing chargeable gains4 min
- Capital losses, rates and Business Asset Disposal Relief5 min
- Rollover, gifts and incorporation5 min
Business tax computation casebook
Build auditable tax workings from records, then distinguish commercial profit, taxable profit and payment obligations.
- The profit adjustment file5 min
- Capital allowance schedules5 min
- Company tax and compliance review5 min
Mixed unit review
Fifteen questions drawn from the whole unit, weighted towards the topics you have got wrong before. Nothing is flagged for revision right now.
Complete the business tax review
You prepare independent computations for Erin's sole trade and her separately owned company. Use the stated 2025/26 rules. Enter money as numbers without pound signs or commas. Treat each document as a separate source and do not transfer profits between taxpayers.
Timed mock exam
Open timed mockHow this unit is assessed
Computer based assessment, eleven tasks, 100 marks, computer & human marked.
| Task | Focus | Marks |
|---|---|---|
| 1. Adjusted trading profit | Disallowed items | 12 |
| 2. Capital allowances | Pools and allowances | 14 |
| 3. Basis periods and partnerships | Allocation of profit | 16 |
| 4. Corporation tax and losses | Computation and reliefs | 18 |
| 5. Administration and NIC | Deadlines, penalties, Class 2 and 4 | 16 |
| 6. Chargeable gains | Disposals and reliefs | 24 |