[kaseyclarke12@icloud.com]

I thought it was quite a hard exam, very minimal IHT and reliefs . Minimal marks for share schemes/tax planning

Exam breakdown- Section A

A)notes for training on GAAR
tax evasion definition
Tax avoidance definition
3 example of GAAR conditions

B) memorandum
Disposal of trading company- BPR 5

C) memorandum
Gift of 3000 (part disposal as parent owned 10000

IHT value of gift (part disposal based on share prices on % shareholding)
IHT and cgt calculations

Section B:
Income tax calc if gift is dividend or a bonus for employee and non employee
EIS Shares
Lots of calculations

Would love to hear on people’s answers etc as feeling shocking about the exam as I was quite prepared

[kaseyclarke12@icloud.com]

I had this! I didn’t realise in Q1 you had to calculate goodwill a year later for the surveying!

[kaseyclarke12@icloud.com]

I thought overall it was a bit of a tough paper in comparison to previous ones I’ve done.

Section A was pretty tough.
Section B was a lot of variances and ABC

Section C- one was on a charity Zedlands (14 marker on analysing performance on 5 set areas) and I believe the can’t remember what the 6 marker was on

The other question was flexing the budget. I messed up on this one as I only divided this by 2 and didn’t flex for the number of units. Hoping I wouldn’t have lost too many marks because of this?:( (10 marks)

4 marker on beyond budgeting
6 marker on the importance on revising budgets (planned and operational) and performance analysis

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