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hopeful wrote:Hi Justina, I got the same exam as you I think, with all the CGT Section B questions. I didn’t like those!
Hi 😉
I think we were supposed to reduce the gain to “business assets/total chargeable assets” and get the gain chargeable immediately. 🙂Jovita885 wrote:okay thanks, and also, what did you write for section c 32 c) there will be a capital loss that will occur in 2020/21. how will the capital loss affect the accounting period 20/21. No other disposals will be made in 20/21 and trading profit of future years will be same as 19/20. ( This was for 2 marks)
I wrote that since the profits are estimated to be similar next year, Capital loss would reduce total profits and therefor company wouldn’t be considered as large that tax year, so wouldn’t need to make quarterly tax payments.. I think since they only gave 2 points for the answer, they were looking for 1,500,000 threshold and quick explanation… 🙂
Hi.
I had this question..
If I remember right, it was about which out of the below would qualify for rollover relief or gift relief… Not sure… But I stuck on it so at the last minute just guessed and went with the highest %.. I think it was partnership % and unquoted company %.Mine was quite ok too…. At least i hope I managed to pull off 50% pass…!
Done all 3 practise exams on ACCA website and done lots of examples in the exam kit, which helped a lot. Especially to tackle section C.Had quite a fair bit of CGT questions. Section C was ok. Calculating taxable income, lots of benefit calculations, NIC and tax payment difference if self employed or trades as a ltd company…
Only a couple of questions re the dates… not too confident on those, but at least some got right I think.Overall, hoping for a pass! 🙂
Good luck all.X
@martinhearns said:
Hi justina.I use open tuition lectures and I ensure that I have attempted every question in either Kaplan or Bpp practice and revision kit.
Even if you have completed them all. Do them
All again. This will ensure that you are familiar with all question types and you get no surprises in the exam.I wish you the best of luck
Thank you soooo much. 🙂
And congrats again!@goldingeye said:
Kaplan study text and exam kit. I have so far passed all my papers first time including the dreaded Performance Management.
The secret lies in question practise. Make sure to solve all the questions and knowledge checks in the study text and exam kit. Then review the model answers and notice where you went wrong. More importantly, understand why the given answer is correct.
And finally, practice using the online software.
I self study and I work full-time in non accounting sector. So it’s possible. Just perseverance.
Best wishes next timeThank you very much. Will order some books and do just that! 🙂
Congratulations! 🙂
What other materials did you use to study?
I took the same exam a couple of times… not sure where I am going wrong since they don’t give you feedback…I am working full time and studying on my own…
Thanks! And well done! 😉
Disappointing fail – 49.
Is it worth appealing considering the fire alarm went off (which we have been warned about) but most importantly, the screen on longer questions being difficult to navigate? It wastes time because it constantly says you haven’t read all the question…and there is no split screen to make it easier to see the question and type the answer/calculations at the same time? Any thoughts?Congratulations to all who passed!
Don’t give up! I sat PM 3 times and the 3rd – finally a pass! Feel like I’ve wasted sooooo much time. But then you do get there in the end and move on!
I have purchased Kaplan revision kit, to go though (as well as OT lectures). And I think that helped a lot.
Good luck!
