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Affiliate! Passed. Thanks to OT for all the help on exams. Couldn’t have done it without them.
I worked this out. It was because of early trading loss relief it could be carried back 3 years.
Can’t believe I passed. Was convinced I failed. 50% on first attempt! Result. Very hard sitting. Thanks OT
A really tough paper. I’ve done mock papers and been able to most of them.
I calculated FV NCI was calculated using EPS which can be worked out earnings (3.6)/shares then PE = Market Value of shares/EPS. You use that to formulate the basis on NCI.
Nasty trick to put in.
Large part on agriculture which was predictable because it’s new to syllabus but horrible to deal with. Didn’t do this.
Q3 really worded very oddly in terms of the contracts particularly part c. Could quite get my head around what the examiner wanted.
Q4 was an odd one agreed but if you studied the technical articles should have been ok.
Overall one of the hardest I’ve seen.
Of course. Makes perfect sense now. The goodwill is the value above the fv of the sub net assets when completing a consolidation.
Just read title again, funny. You can you tell it’s been a long day studying!!
Cheers
On a separate note does anyone know how I stop receiving email notifications everytime something is posted, I’m getting about 100 emails.
Good luck everyone. Tax tomorrow for me!
Sparky, I got exactly the same answer…fingers crossed as I really thought I messed that question up!
Looks like we would lose a mark for messing up the calc. It is 4444 but I put 444 🙁
A hard paper I think. Ended up with 13.8 and 9.9 for TA ratios. Don’t think they were right as I messed up the question by running over on questions 1!
Learning curve – does anyone know if you could use the forumla or the tabular approach as the volume was doubling?
Not enough time for me on that paper. June 2013 was a LOT easier.
umerazizch123
I got 1800 and 30 as well but I don’t think that was right as you had to take account of the fact they had promised 1000 units of the smaller panels I think?? Maybe not but it just dawned on me at the end.
Yes lingling2000, once you have calculated the figure of 46900 this is then divided by 20 years and should be used at the final figure deducted from trading profit for that year
I agree this makes no sense to me. When deciding on whether to relieve a loss the rules are reduce at highest rate which in the BPP book states relief at marginal rate first but how is this 25%? If anyone could explain I would be grateful!
<cite> @perfecta1 said:</cite>
it shouldn’t be that hard. I self-studied and laso have no experience with taxes nor accounting and manges to get 80%. doing a lot of qeustions is the key and remembering the rules!That’s reassuring. 80% is a really good score. I think I’m going to self study with help from OT
<cite> @kutiez2005 said:</cite>
For me it was mostly down to doing lots and lots of question practice. The Kaplan revision book was the one I used but I’m sure others are just as good. I also had a little notebook where I would write something like “Entrepreneurs Relief” on one side of a page and then list the rules on the other so I could test myself. I ended up using 2 notebooks for tax but I learnt every rule that way!Did you study at a learning provider or did you teach yourself?
Can anyone help? I’m need to complete F6 in December 2013 as the final of the Fundamental papers. The Business School where I normally study only do day classes and I can’t attend. For all the others I have attended evening courses and passed all of them so far.
Is it going to be too difficult to self study tax?
I have no previous experience of dealing with tax and it seems like a hard module and the study texts are massive. Did any of you self study and how did you find it? I will be doing the English variant.