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Passed with 56% Thank God for that, this was my 3rd attempt and as they say 3rd time’s the charm lol
@disharani said:
Hello EveryoneFor all of u who have finished their dec exams
I really do not want to pressure u recalling what u had gone thru in ur exam…
But it would be a great help for those who are going to write F6 exam for the first time if u try to help us recollecting all those areas u saw in the question paper…
Please give us a quick note and an idea of what all areas u saw in ur question paper ……..
Thank u & awaiting ur replies…………….We have been doing that since yesterday, remembering all the areas and posting it here on the forum
@flapper84 said:
I put the same answer but the 6900 was the net gain after deducting selling expenses so the correct calculation would be:(7200-6000) * 5/3 = 2000
That’s right I think because only commission costs are deducted from the Disposal Proceeds
@yentam said:
So looks like I got 11/15. Need 28 marks from Part B. Think I’ve passed 🙂Good job I have got 9/15 so need 32 more from Sec B, I think I should be able to get 32 out of 70 😀
@flapper84 said:
Well done everyone, good memories! Now we need to agree on the answers; starting with the penalty for non notification of chargability 🙂Yeah lets get some rest now after that brainstorming session 😛
@flapper84 said:
IHT wedding gift to a friend was the missing question, that’s our 15Yup that’s all 15 finally the pieces of jigsaw are in their places now 😛
@mayadim said:
Yes, I got the same.Yeah me too 😛
@snell123 said:
I choose 350Yeah whatever the value of those pens were
Another mcq where it asks which expense is allowable options were christmas party for 500, pen costing 15 each etc
@gawcram said:
And there was a Q about which are the pet transfers?
Government bond to son or something like that I can’t remember ..Yeah it had an option govt gilt something
@flapper84 said:
Was the VAT question about an omission to include £8000 in the previous VAT return? Was the question asking what penalty can be applied?As far as I remember we had to calculate the penalty amount
@yentam said:
11) Question on loss relief – carry back around 62kI think I put 46k in that since profit was 46k or did I miss something
@gawcram said:
Isn’t that 50- (n-1)/ n formula
Or premium – 2./. (n-1 ) . PremiumYes that’s the one but not sure if we had to time apportion or not but i did apportion and answer was 680 or 700 something like that
@mynameisearl said:
£700ish if time apportioned i think. I was unsure weather to time apportion so i didnt and picked £9kish typical!Probably but I could be wrong as well so can’t say 😛
In the Mcq The premium one I took only 1 month amount because it was leased out in March 2015, dont remember the answer though
@yentam said:
Oh so that came after the cash/accruals question?Someone else said it was a different question but I can’t imagine the cash/accruals was anymore than 6 marks, certainly not 10?
No they were both same questions a part was trading income assessments and b part was cash and accrual basis
@flapper84 said:
Transfer of value relating to the PET in q3 was £570,000, anyone else get that?Yeah I got that too since it was the decrease in value after transfer
Yeah me too coz dividend and interest are deducted from the Inc tax liability I guess 😛
One mcq was about what incomes are relevant for self assessment returns options were i think dividend, employment, trading,building soc interest. Something like that
4a asked what information related to thr business and customers should be on the VAT invoice
I got Overlapping profits on the 30 June date but not on 5 April one, IHT was easy since we just had to calculate tax at death, I got taper relief for one of the CLTs I think, CGT was ok, VAT was just details and stuff not bad, Q5 was tricky yet manageable but Q6 was a disaster for me. Overall it’s upto the mcqs now to save me lol