[johnmoore]

i have acca p6 kaplan full course notes book everything s3lling

can use for march

[johnmoore]

165000 divide 325000

Percent

Add percent to lucy nrb

[johnmoore]

Whay do you mean

[johnmoore]

i think i lost marks for that 5 markers taxable beenfit i said the 20k was exempt stupdi i know but that was the only question in the whole papaer made me confused even though i knew the rules 🙁

[johnmoore]

yh same here just chanced it less admin, etc mroe control

[johnmoore]

relocation is 8k tax free exempt benefit that was abit hard for me, payments for reny I think I did do benefit

that 20000 really confused me

[johnmoore]

yes I wrote cgt of ZERO aswell

[johnmoore]

hey yes I did the same thanks daisy I hopw we pass

[johnmoore]

your right I think it was 20 pound as too much difference from 20p to sell it for 28 pounds

same here I do not want to resit

I think it was a decent paper, not many reliefs but I made stupid mistakes.

I think im issed a lot of silly marks as in for CFC questios and I think I was abit vague overall. the trading loss one I said maybe you can give it to fip and reduce ttp even more

and yas Hassan my corporation payment was around 25k/26k

btw what did everyone do for the annual allowance charge in the last question?

[johnmoore]

I think your right

When he died he gave 160,000 meaning at that point he used 160,000 of it

165000 was used
Divided by 325000

Gave around 50 percnet

Added it onto lucy band rate

[johnmoore]

Ah man everytime
I come out the exam i think iv passedi check peoples answers and i kmow i messed up

It is my last paper and my 4th attempt im stuck in the 40 region

I really do not want to resit

[johnmoore]

With the loss was confusing as the quartlety payments didnt change

So i jus put it against the group gains group any to give a cash flow advanrage just lower tax

Fip was bought in 1 dec so giving some to them would lower tax alot and then u oay little tax after 9 months 1 day

Had to blag it there abit i think you could have put capital loss anywhere

[johnmoore]

What did you write for the income tax refund?

[johnmoore]

ah man i messed up the vat part bad and the liablibty part i think out of 16 i probs got like 6 🙁

[johnmoore]

2. you did not have to work put liability of wanda, in the question it says roth only

[johnmoore]

what dk
id you write bout research development losses

[johnmoore]

I did the same do relevant earning some from propert income if yes then the 76400 was incorrect if not then 3600 ws correct

[johnmoore]

do you think this new format is better? we have no choice any more

man I don’t want to see the paper as it looks soo easy looking at it now 🙁

the stupid mistakes man! it wasn’t that hard actually when you look at it now

when do the answer come out

[johnmoore]

I genuinely think if I relaxed in the exam and kept composed I could have passed I made so many stupid mistakes…I will sit it again in September because even thought it was thirs attempt I feel I can pass

but these stupid mistakes are killing me

[johnmoore]

yes but when he moves aborad and no split year is taken into account while there he may become a non resident oh yh actually your right oh well whatever I wrote the twmporary non residene part

[johnmoore]

hi yes iw rote about remittance etc remitted income temporary residence and the remittance charge

fingers crossed was my third attempt

made some silly mistakes

[johnmoore]

Hi guys wasimkhan and everyone else
What did you write for the uk non residence was to do with the remittance basis etc…also there was a 3 marker saying was gift relief available?

Also there was a question saying is entrepreneur relief available and what would be the tax increase in selling in 2019 the warehouse then June 2018

What did you guys write for that?

[johnmoore]

@johnmoore said:
i was thinkin leavin p6 doin p5 but will give another attempt…oh crap ur right..i messed up itt was 100000 between them..i defo failed

you still goin to attempt im taking lessons nw

[johnmoore]

@rmulligan88 said:
It said it paid total £100,000 dividend in the year so I split it 20% and 3% for their holding (don’t know if this is right)

Also it said after tax cost. The company would have had to pay class 1a for the 3 years it provided the benefit.

This was my 3rd attempt at p6 and pretty sure I’ve failed again so don’t take my word for it on this question, it’s just how I answered it.

i was thinkin leavin p6 doin p5 but will give another attempt…oh crap ur right..i messed up itt was 100000 between them..i defo failed

[johnmoore]

@rmulligan88 said:
Yunusmulla, I did question 4 I found the difference was one was a basic rate tax payer one was a higher rate tax payer?

Then for after tax cost to the company I did original cost of the 2 vehicles/3 years class 1a NIC then deducted the sale proceeds they then sold them for.

hi why class 1 na

[Author]

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