[cgallacher88]

Anybody 🙂 ?

[cgallacher88]

Very first ACCA exam and didn’t plan time properly as didn’t even start 1 of the 15 markers due to time running out.

Passed with 68%….

Was certain I had failed because of this so absolutely over the moon this morning and that’s thanks to Open Tuition.

I must have aced the short questions which I did find reasonably straight forward.

A fantastic job you all do on the OT team and so deeply appreciated for the free support. The tax lectures were top drawer, informative and amusing with some great craic.

To my fellow students that just missed out, dig in and keep your head in the books as your day is surely just round the corner.

Stay safe everyone.

[cgallacher88]

Hi,

Mean to add a question on my previous post. Did anyone start with Section C rather than natural order of A&B. If so do you think it helped with time management?

Regards
Craig

[cgallacher88]

Prior to exam I thought I had enough in bag but was aware I ran out of time studying and didn’t get enough practice in mock exams (ie only did 1)

Unfortunately I also badly managed my exam time and will be very lucky to scrape a pass. I absolutely hated CBE and found the space to work with the huge hard drive and small desk very difficult as well as the individual next to me sledge hammering the key board which was driving me insane. Bring back written all day long…

My biggest regret was that after Section A&B I went straight to the 2nd and 3rd questions in Section C which I am absolutely gutted about as left only 3 minutes to complete the 1st 10 marker and I could have topped full marks on it (maybe). I will be lucky to get even a 1/5 of the available marks on that question.

Wont be great if I have to redo as I could handle new tax Tables but my fear is all the other rules not published. Is it possible that they change as well and if so are there any OT documents that simplifies the changes that are not part of the published rate changes given in exam?

Anyway, I pray and hope and also wish you all the very best come 13th April.

Regards
Craig

[cgallacher88]

Got it thanks, In hindsight probably would be chancing my arm as have no intention of moving back in.

Will consider most allowable tax efficient way which will be either to split with wife and enjoy the AEA x 2 or it may even work out more beneficial to transfer fully to my wife. Will do the sums and decide thereafter.

Thanks for clarification I obviously overlooked the ‘must reoccupy’ part of the rules that you have clearly stated in the OT study guide.

[cgallacher88]

Thank you

[cgallacher88]

I have just noticed the Letting Relief however still unclear to my original question as point a) says owner is absent but not covered by deemed occupation rules and rents it, whereas I would be working abroad (deemed occupation) and rented?

[cgallacher88]

All that said maybe the word ‘Private’ is the giveaway and voids the relief in my situation

[cgallacher88]

Slight typo in my same same para, meant to say as long as purchased within the 12 month prior to 36 months post.

[cgallacher88]

thank you…panic over 🙂

[cgallacher88]

much appreciated, thank you.

[cgallacher88]

Hi Guhan,

With regard to your Doubt 1. Dividends are not subject to NIC even if received from the company you work with.

I cant help you with Doubt 2 as only studying that section today and tomorrow for 1st time. If you dont get answer I will hopefully let you know in 2 days

All the best with the studies.

Regards
Craig

[cgallacher88]

Thanks so much for prompt response and clarification

[cgallacher88]

Planning for March sitting, thanks

[cgallacher88]

Literally could not get the OT sunk in so went to Kaplan index and then checked the relevant page. Just checked Kaplan again and yes you are spot on, the page I was checking was Corporate.

Too much study not enough sleep, thanks for pointing out 🙂

[cgallacher88]

Apologies, started a lecture there and notice that it incorporates the study book. Ignore earlier question @mybad.

Regards
Craig

[cgallacher88]

sorry I had spaced it all out and now its all mashed up, The point was that only the Interest from 31st Dec 2003 for 3 years to 31 Dec 2005 used. Why not 31 Dec 2002? As in a separate sub question it then asks you what would happen to Market Price if Cost of Debt rose to 12% and in that you combine 4 years Interest + Redemption?

A wee bit lost?

[cgallacher88]

Sorry Guys, should have taken my own advice. Just found the answer whilst doing a question….

For the record —> Its Re-Order Qty.

I wish BPP would have just kept it simple by sticking with same names as a wee bit deceiving using Qty in the MIN & MAX and then amount in the Average.

All they would then have to advise us students is that Amt and Qty can be used interchangeably as terminology but mean the exact same thing……

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