Syllabus B5a-e. Income Tax Computation 12 / 16

a) Prepare a basic income tax computation involving different types of income.
b) Calculate the amount of personal allowance available.
c) Understand the impact of the transferable amount of personal allowance for spouses and civil partners.
d) Compute the amount of income tax payable.
e) Understand the treatment of interest paid for a qualifying purpose.

B4f) Compute the tax payable on savings and dividends income.

B7b) Understand how a married couple or a couple in a civil partnership can minimise their tax liabilities.
Income Tax Computation