ACCA 2026 TX Taxation Tax Reliefs Free Quiz 1

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ACCA 2026 TX Taxation Tax Reliefs Free Quiz 1

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ACCA 2026 TX Taxation Tax Reliefs Free Quiz 1

Practice ACCA 2026 TX Taxation MCQs from Tax Reliefs. Get instant results with Explanation.

General10 MCQs

1. What are tax reliefs?

A. Tax reliefs are the same as tax penaltiesB. Tax reliefs reduce the tax liability by deducting amounts or applying reduced ratesC. Tax reliefs increase the tax liabilityD. Tax reliefs are not available to individuals

2. What is pension tax relief?

A. Pension tax relief is only at 20% for all taxpayersB. Pension tax relief is not available to additional rate taxpayersC. Pension tax relief is at the individual's marginal rate, with basic rate relief at sourceD. Pension tax relief is a flat amount of £1,000 per year

3. How can trading losses be relieved for income tax?

A. Trading losses can be relieved against total income of the same year or previous year, or carried forwardB. Trading losses cannot be relieved against other incomeC. Trading losses can only be carried forward indefinitelyD. Trading losses are not available to sole traders

4. What is Gift Aid relief?

A. Gift Aid relief only benefits the charityB. Gift Aid relief does not allow higher rate taxpayers to claim additional reliefC. Gift Aid relief is not available to companiesD. Gift Aid relief allows charities to reclaim basic rate tax and donors to claim higher rate relief

5. What is Business Asset Disposal Relief (BADR)?

A. BADR gives a 20% rate on gains up to £2 millionB. BADR gives a 10% rate on gains up to £1 millionC. BADR gives a 0% rate on all business gainsD. BADR is not available for shares in a trading company

General10 MCQs

6. What is rollover relief for CGT?

A. Rollover relief exempts the gain permanentlyB. Rollover relief is only available to individuals, not companiesC. Rollover relief defers the gain by reducing the cost of the new assetD. Rollover relief is not available for land and buildings

7. What is hold-over relief for CGT?

A. Hold-over relief defers the gain on gifts of business assetsB. Hold-over relief is not available for gifts to individualsC. Hold-over relief applies only to property, not sharesD. Hold-over relief exempts the gain from CGT permanently

8. What is the relief for interest on buy-to-let property?

A. Interest on buy-to-let properties is fully deductible at the marginal rateB. Interest on buy-to-let properties is not deductible at allC. Interest on buy-to-let properties is deducted at the higher rateD. Interest on buy-to-let properties is restricted to basic rate tax relief (20%) for individuals

9. What is the R&D tax relief for SMEs?

A. R&D relief for SMEs is 100% deductionB. R&D relief for SMEs is an additional 86% deduction (total 186%)C. R&D relief is only available to large companiesD. R&D relief is a payable credit for all companies

10. What is the Enterprise Investment Scheme (EIS) income tax relief?

A. EIS gives 50% income tax reliefB. EIS gives 20% income tax reliefC. EIS gives 30% income tax relief on investments up to £1 millionD. EIS is not available to individuals

📋 ACCA - Test Online Practice Quizzes

ACCA

Conducting Body: Association of Chartered Certified Accountants

Frequency: Exam Frequency Year Round | Time: 360 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 116 MCQs):

Business and Technology: 46 MCQs
Management Accounting: 35 MCQs
Financial Accounting: 35 MCQs
Corporate and Business Law: 45 MCQs

Merit Formula: -

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