TXF6 UK

Syllabus B3a-e. Income From Self-Employment 6 / 16

a) Recognise the basis of assessment for self- employment income.
b) Describe and apply the badges of trade.
c) Recognise the expenditure that is allowable in calculating the tax-adjusted trading profit.
d) Explain and compute the assessable profits using the cash basis for small businesses.
e) Recognise the relief which can be obtained for pre-trading expenditure.

E2b) Recognise the relief which can be obtained for pre-trading expenditure.
Income From Self-Employment