Taxation (TX/F6) Practice Test
This exam retires on Wednesday, June 30, 2027.
ACCA lists E1 as the direct replacement; a practice exam for it is not available yet.
Build your confidence for Taxation (TX/F6). Practice the concepts, understand the answers, and strengthen your knowledge one question at a time.
Try a sample questionExam overview and details
The Taxation TX/F6 exam is a comprehensive assessment of knowledge and application skills within the UK tax system, as defined by the current Finance Act. It is a core component of professional accounting qualifications, designed to test a candidate's ability to compute tax liabilities, advise on tax efficiency, and understand compliance obligations for individuals, single companies, and groups. The exam rigorously evaluates understanding of income tax, corporation tax, capital gains tax, inheritance tax, and VAT, alongside the ethical and administrative framework governing UK taxation. It is intended for aspiring accountants, auditors, and finance professionals who require a robust, practical understanding of taxation to advise clients or manage corporate finances. Successfully passing TX/F6 demonstrates a solid, applicable foundation in tax principles, equipping candidates with the technical competence essential for roles in practice, industry, or further professional advancement.
Sample Questions
Choose an answer and explore the explanation to see how practice works.
Ivybridge Logistics Ltd made a trading loss in the year ended 31 March 2025 after a profitable year ended 31 March 2024. It wants cash-flow relief and has no group companies. Which loss relief route is most relevant?
Carys and a partner receive Child Benefit of GBP4,012 in 2024/25. Carys's adjusted net income is GBP62,000 and the partner has income of GBP18,000. What High Income Child Benefit Charge treatment is correct?
Farah gifts shares in an unquoted trading company to an adult child in November 2024. Both parties are UK resident and want to avoid an immediate CGT charge for the donor. What relief is most relevant?
Maya made a lifetime transfer of GBP470,000 into a discretionary trust on 1 June 2024 and had made no earlier chargeable transfers. The annual exemption for 2024/25 is available. What immediate IHT treatment is correct?
Imran sold an antique table, a non-wasting chattel, in September 2024 for GBP7,600. It had cost GBP3,200 and no enhancement expenditure was incurred. Which gain should be used before annual exemption?
Career Opportunities & Salary
Exam insights and study advice
Taxation is not merely a theoretical subject; it is a fundamental, daily reality for businesses and individuals. A strong command of TX/F6 content enables you to make informed financial decisions, ensure legal compliance to avoid significant penalties, and identify legitimate tax-saving opportunities. This knowledge directly translates into tangible value-whether you are preparing accurate tax returns, advising a client on investment structure, optimizing a company's financial strategy, or auditing financial statements. It forms the critical link between accounting data and real-world financial outcomes, making it indispensable for any credible finance professional.
What this exam covers
01Capital gains tax
This domain addresses the taxation of gains arising from the disposal of assets by individuals and corporate entities. It requires candidates to accurately compute chargeable gains and understand the reporting requirements associated with the disposal of various types of business assets.
02Corporate tax
This domain focuses on the tax obligations of limited companies, including the calculation of taxable profits and corporate tax liabilities. Candidates are expected to master the technical requirements for reporting company profits and ensuring compliance with all relevant corporate tax regulations.
03Personal income tax
This domain covers the taxation of individuals, including income sources, allowances, and the calculation of personal tax liabilities. Candidates must demonstrate a clear understanding of how these specific tax rules apply to various personal financial scenarios and individual taxpayer obligations.
04VAT
This domain covers the administration and calculation of Value Added Tax, including registration requirements and return submissions. Candidates must be proficient in managing VAT compliance, calculating tax liabilities, and understanding the administrative processes involved in maintaining accurate VAT records for businesses.