[ahmed1423267]

@hutchy1978 said:
PPR fully exempt or only half as her land was one hectare??

I only realised that on the way home .

Question five – what did anyone have for the CGT arising basis versus remittance basis???

Half hectare is exempt if land only, question said it was built on 1 hectare if i remember correct.

[ahmed1423267]

@leedsy said:
There was a loan from a director to a company (usually it’s the other way around) – I went on about loan to a participator/close company , pay 25% to HMRC etc.

Anyone write something similar?

i think the examiner asked from the perspective of the director and not the company. So I wrote it being a qualifying interest expense from his employment income as he had more than 5 percent shareholding and also wrote that interest received from the company will be taxed as saving income.

In the end I also felt that there would be no impact on the income as such because interest received would be set off by the interest paid to the bank because both transactions were at normal commercial terms.

[ahmed1423267]

I did. Deminimis passed on test 2, for annual testing I did’nt have any clue so i wrote general points regarding claiming next years total input VAT if current annual test is passed and wrote advantages like lower administration costs etc, it was a fluke anyways can’t recall rest of the question.

[ahmed1423267]

Yes, correct but it also should’nt go below 10,000 until and unless income is above 100000.

[ahmed1423267]

The answer to question 2 was SOCIE= 83890 and Balance sheet tallied at 150200……

Rest of the paper went just fine hoping for a positive result .

Its was post consolidation 4 months and pre consolidation 8 months mate.

@derrickagyiri said:
i made a huge mistake … i apportioned the month for the consolidation wrongly

Pre inquisition is said 4 month and post acquisition i said 8 month

how bad have i fuck up mates .. someone tell me 🙁

[ahmed1423267]

Consolidated accounts- 95%
Single entity accounts – 70-75%

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