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Other Topics (State Benefits (Earnings also include (Golden Hellos, Third…

- - - - Motor Car
        
        Authorized Business mileage allowance
    - - Business Occupant
        
        Private Use adjustment (Given)
    - - Capital Asset
        
        Sale = Cash Inflow
        
        Purchase = Cash Ouftlow
    - - Losses
        
        Only S.83
    - - Adjustment
        
        Add: Cash Inflows/Receipt Less: Cash Outflows/payments
- - - - Exempt
    - - B/H/A band : £55/£28/£25 per week Excessive Taxable
    - - Full amount taxable
  - - - £50,000 - £60,000
        
        1% for every £100 over £50,000
      - £60,000
        
        Fully charge
        Child Benefit Charge
      - <£50,000
        
        No Charge
- - - - Approved
        
        Tax Advantage
        
        Exercise of option
        
        Income Tax/NIC
        MV @ exercise date Less: Cost of option Less: Cost of shares
        
        Disposal of shares
        
        Capital Gain Arise
        Sales proceeds
        Less: MV@ exercise date
        
        Grant of Option
        
        No Tax
      - Unapproved
        
        Not Tax Advantage
        
        Grant of Option
        
        No tax
        
        Exercise of option
        
        No Tax
        
        Disposal of shares
        
        Capital Gain arise Sales proceeds
        Less: Cost of option
        Less: cost of shares