More cards in this set

Card 6

Front

STEP 4 - Deduct the annual exempt amount (AEA)

Back

Preview of the front of card 6

Card 7

Front

STEP 5- Carry forward any losses

Back

Preview of the front of card 7

Card 8

Front

STEP 6- Apply the relevant tax rate

Back

Preview of the front of card 8

Card 9

Front

Standard rate

Back

Preview of the front of card 9

Card 10

Front

Higher Rate

Back

Preview of the front of card 10

Card 11

Front

BADR (Business asset disposal relief)

Back

Preview of the front of card 11

Card 12

Front

STEP 7 - Does any relief apply?

Back

Preview of the front of card 12

Card 13

Front

STEP 7- contd...

Back

Preview of the front of card 13

Card 14

Front

STEP 8- calculate Total tax payable

Back

Preview of the front of card 14