Day 3. Income Tax Liabilities

C1. Introduction to personal taxation

a) Identify the tax year.
b) Outline the scope of income tax: chargeable persons, chargeable income.
c) Identify sources of taxation information for individuals.
d) Distinguish between income and capital profits/losses.
e) Outline the key elements of a personal income tax computation
    i) earned income
    ii) non-savings income
    iii) savings income
    iv) dividend income
    v) net income
    vi) taxable income.