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THE YEAR 2017-18
ABBREVIATIONS
Whitakers 2016 cover
Print publication date: Apr, 2018
Word count: 17,464
Taxation
Income tax is assessed on different sorts of income. Not all types of income are taxable and individuals are entitled to certain reliefs and...
Word count: 5,916
Taxation
Capital gains tax (CGT) is a tax on the gain or profit that an individual makes when they sell, give away or otherwise dispose of certain assets, for...
Word count: 3,189
Taxation
Inheritance tax (IHT) is a tax on the value of a person's estate on death and on certain gifts made by an individual during his or her lifetime,...
Word count: 4,074
Taxation
Corporation tax is a tax on a company's profits, including all its income and gains.
Word count: 1,113
Taxation
Value added tax (VAT) is a tax on consumption which is collected at each stage in the supply chain.
Word count: 1,640
Taxation
Stamp duty is payable by the buyer based on the purchase price of a property, stocks and shares.
Word count: 1,106