Personal Tax
Income tax for employees and investors, national insurance, capital gains tax and an introduction to inheritance tax.
Subsections
Read the lessons, then take the check. The check pulls in anything you struggled with earlier in the unit.
Income tax and sources of income
Build an income tax computation from employment, property, savings and dividends.
- The income tax computation and personal allowance5 min
- Employment income, expenses and benefits5 min
- Property profits, savings and dividends5 min
NIC, pensions, Gift Aid and administration
Calculate contributions and reliefs, then meet individual reporting and payment duties.
- National Insurance contributions5 min
- Pension contributions and Gift Aid relief5 min
- Self Assessment and payment administration5 min
Capital gains tax and inheritance tax for individuals
Calculate gains and death estate tax while recognising exemptions and relief conditions.
- Calculating capital gains tax5 min
- Private residence relief and share disposals5 min
- Lifetime gifts and the death estate6 min
Personal tax client casebook
Assemble a client file, apply an explicit tax reference and reconcile liabilities to payments without confusing income and gains.
- Income sources and evidence5 min
- Allowances, reliefs and bands5 min
- Gains and the client reconciliation5 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.
Prepare a personal tax review file
You work for a tax practice preparing Helen's 2025/26 return and reviewing her late father's estate. Helen is an England taxpayer below State Pension age. Apply 2025/26 rules, assume all documents are complete and use annual NIC limits as specifically requested. Enter amounts in pounds without commas or currency symbols. Ignore rounding differences beyond the figures requested.
Timed mock exam
Open timed mockHow this unit is assessed
Computer based assessment, ten tasks, 100 marks, computer & human marked.
| Task | Focus | Marks |
|---|---|---|
| 1. Employment income and benefits | Taxable benefits in kind | 22 |
| 2. Property and investment income | Rental, savings and dividends | 16 |
| 3. Income tax computation | Bands and allowances | 20 |
| 4. NIC and administration | Deadlines and payments | 12 |
| 5. Capital gains tax | Disposals and exemptions | 18 |
| 6. Inheritance tax | Basic computations | 12 |