AAT L4 Personal Tax

Question 1

For 2025/26, what is the personal allowance for a UK individual with total income of £80,000?

Accepted Answer

£12,570

Answer

£10,000

Answer

£0

Answer

£6,285

Question 2

A UK taxpayer has employment income of £60,000 and receives bank interest of £500. How much of the bank interest is tax-free under the Personal Savings Allowance?

Accepted Answer

£500

Answer

£0

Answer

£1,000

Answer

£250

Question 3

An employee receives a company car with a list price of £30,000 and CO2 emissions of 120 g/km. The appropriate percentage is 30%. What is the annual car benefit charge?

Accepted Answer

£9,000

Answer

£3,600

Answer

£6,000

Answer

£12,000

Question 4

Which of the following is exempt from Income Tax for a UK employee?

Accepted Answer

Employer's contribution to a registered pension scheme

Answer

Annual bonus payment

Answer

Company car fuel benefit

Answer

Christmas cash gift from employer

Question 5

A taxpayer sells a residential property (not their main residence) in August 2025. By when must they report and pay Capital Gains Tax to HMRC?

Accepted Answer

Within 60 days of completion

Answer

31 January following the end of the tax year

Answer

Within 30 days of completion

Answer

By the next quarterly VAT return date

Question 6

For 2025/26, the Capital Gains Tax annual exempt amount for an individual is:

Accepted Answer

£3,000

Answer

£12,300

Answer

£6,000

Answer

£1,000