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@Viktoriya
Congratulations ! Failed 4th time UK with 35, 33,27, 43. Should I swith to P 4 or P 5 as I passed P 7 easily. Do you think your materials will help me ?
to say disappointed and demotivated is at least to say nothing ? Almost one year spend on P 6 UK !
Q 4 was the most easiest one . The only thing I did wrong is that I said that BPR will not be available becase the father is dying at some point before two years from the date of gift
Q 3 was OK . Again , I made a mistake saying that was a capial distribution instead of dividend
Q 2 is most toughest . I suggested that husband should obtain deemed domicile because he was UK tax resident for 17 years to avoid IHT for cash received from wife.
Son could obtain relief \exemption from IHT for 20,000 received from mom because she used regular cash not from the sale of home. Son may invest into ISA all 20,000 to exempt interest from IT.
EIS & VCT was OK but mixed them , 30 & 50% reliefs for IT .
Q 1 is mixture . Gain for each building is OK but I calculated gain for both buildings which is wrong. I also included in proceeds net current assets (wrong , not capital items) and equipment even the examiner asked not to include the equiipment in calculation.
VAT was ok , just mentioned to opt for VAT to recover all input incurred during the purchase of building because the were both new at the time of purchase.
Tax avasion and avoidance was straigtforward – obtaining 180% capital allowance seems to be tax avasion.
Loss on shares – just said that there is relief but did not mentioned SSE . Is SSE applied to a loss ?
My last paper and is horrrible . I passed P 7 easily from 2nd attempt could even done it form the 1st sitting but this one is tough . June 18 seems to me much easier but I scored only 27. Very pessimistic that I passed this time . Thinking about switching – P 4 or P 5 which is the easiest – who can tell me ? Thanks in advance.
to : anngreed
“Hi!!no stick at it!!! I did it 4 times!! and finally passed with 53!!and I just read solutions as the questions just scared me!!I would have question open of course to see where they getting the figures!! and I basically did about 12 exam papers over and over again!!! and wrote down the key points of each exam question.also first of all just go through the exam papers and pick out all the questions for each topic and then just go over all those questions and solutions. i always photocopied all the exam papers and cut them all up and organised them into a folder and just keep reading the solutions!! I learned all the reliefs too and I am unable to learn ANYTHING OFF BY heart i literally forget it 2 seconds later but i still tried my hardest especially fro all the income tax reliefs. but you know what you never really use any of them in the exam!!! i used i think business and retirement relief in the last exam I think!!you can do this!! so keep at it dont bother switching!! il help you through it if you want to ring me and I can give you my notes!! also i found helpful for every question unless stated otherwise go down through the taxes cgt, cat, sd, wht,ct , vat and it and comment on each of the taxes, that automatically gets u more marks and examiner likes that, thats what i did in the last exam anyway!! and leave question one to last, start with optional questions and then do question two and then question one.whatever u dont know in the time just highlight and leave to the end. at start of the exam skim through everyting for reading time and jot downall the reliefs that you can spot in the questiosn that you think you will use!! as i said my memory is so bad so i had to write down all the reliefs as much as i could at the start of the exam as iw oudl definitely forget them otherwise!! i also bought a stop watch which was AMAZING!!do that!! email me and I will ring you and help you cause it took me 4 times, just dont give up!go enjoy yourself tonight now and treat yoruself and then get stuck in!! I have one exam left audit!!which i am struggling with also so il hopefully get that in september now!! but Lets meet and I will go through everything with you and you will pass in december!!trust me!! also start with knowing the residency of each individual!!, in 1 a4 page I literally wrote down residency rules for each tax, paying dates etc on one page. and I had that at the front of my folder because you use this for most questions!!email me or comment back and we can meet and il give u my notes and il lead u in the right direction:) keep at it anyway!!”
Thanks for your reply but I am based out of the UK. I will try again ithis Sep. I received the response to my admin reivew – ” failed all questions ”
Reviewed this morning the examiner model answer to June 18 exam and was shocked how the June 18 exam was tricky .
I failed UK P 6 three times with 35, 33, 27 in Dec 17, Mar 18, Jun 18. Giving up , so please advise which optional to take P 4 or P 5 ? Those who have taken both of these papers which should I go ?
I have easily cleared P 7 as I am a wordy person rather that numbers one. I hated F 5 and barely passed on 3rd attemtp. Enjoyed F 9 and understood concepts much better that in F 5. Passed on 2nd attempt with higher mark than in F 5. However, I’ve red somewhere that P 4 is a too technical and quite specilised area syllabus (like P 6). If you do not work in that area you will not understand for example hedging . You have to know many things than in P 5 where you do not have to have the special knowledge but common sense. But I did not know F 5 concepts well . Do you think that good knowledge of F 5 is a key to pass P 5 ? I did not like P 3 but passed it easily with no preparation even with marginal score. Just wrote what I think and knew the models.
I failed UK P 6 three times with 35, 33, 27 in Dec 17, Mar 18, Jun 18. Giving up , so please advise which optional to take P 4 or P 5 ? Those who have taken both of these papers which should I go ?
I have easily cleared P 7 as I am a wordy person rather that numbers one. I hated F 5 and barely passed on 3rd attemtp. Enjoyed F 9 and understood concepts much better that in F 5. Passed on 2nd attempt with higher mark than in F 5. However, I’ve red somewhere that P 4 is a too technical and quite specilised area syllabus (like P 6). You have to know many things than in P 5 where you do not have to have the special knowledge but common sense. But I did not F 5 concepts well . Do you think that good knowledge of F 5 is a key to pass P 5 ? I did not like P 3 but passed it easily with no preparation even with marginal score.
Failed 3rd time with 27. 1st sitting – 35, 2nd -33. I spent too much time on this exam , more than any exam in whole ACCA. The only paper is left as I’ve done P 7 easily. It seems that P 6 is not for me
Should I switch to P 4 or P 5 ? Pls asvise – I was better in F 9 than in F 5 as I understood F 9 concepts much better than mngt accounting . But some lecturer say that P 5 is not F 5 and more written paper than computational one.
It seems that P 4 is much harder than P 6. Could someone who has taken both of these papers tell me which one is harder to study and pass ? I failed P 6 UK two times and am thinking to switch to either to P 4 or P 5 . I passed P 7 easily from 2nd sitting . It could have been done in the 1st try but I need to blame myself .
I sat P 6 UK variant for 3rd time. If I did not passP 6 this time I would go for P 5.
P 7 was done very easily by me, so I do not understand why P 7 has this low pass rate.If someone studied both P 4 and P 5 which one from them you would recommend ?
I sat P 6 UK variant for 3rd time. If I did not pass P 6 this time I would go for P 5.
P 7 was done very easily by me, so I do not understand why P 7 has this low pass rate.If someone studied both P 4 and P 5 which one from them you would recommend ?
I sat P 6 UK variant for 3rd time. If I did not passP 6 this time I would go for P 5.
P 7 was done very easily by me, so I do not understand why P 7 has this low pass rate.If someone studied both P 4 and P 5 which one from them you would recommend ?
to anon39 : please send your contact details to kuankarim@gmail.com , so we could chat little bit. I failed Dec 17 with 35.Thanks
No, there is no P 6 Russian version . You need to chose other version or another option paper
I passed F 6 Russian variant as well. I started F 6 UK a2 weeks ago, so without doing this way I guess there is no chance to pass P 6 UK. We’ll see if it works on Dec 7. To be frank, UK taxes are very strange , no I am afraid of this word internationally accepted principles : normal tax year as a calendar year 01/01 -31/12 , too many small unreasonable pieces to remember especially in income tax section . I am with income tax section , so expect some surprises in other taxes as well /
Is P 6 more harder than P 4 ? Please share who passed both papers . Can I pass P 6 UK if I did not sit for F 6 UK ? Someone who did this way please share .
@nickylafoi -sent to your email last 4 exams revision LSBF
Is P 4 hard comparing to P 6 ? Someone who set for both please advise. I passed P 7 easily and it seems that wordy papers ( F8, P 1, P 3 , P 7 ) are less difficult for me . I passed F 9 for the 4th attempt in Dec 16 and have retained knowledge from last year. F 6 was Russian variant , so I will need to study F 6 and P 6 UK altogether but I’ve seen that P 6 has much higher pass rate than P 4. I do not work in bank or financial instituion but in local tax consulting not UK.
I am planning to sit for UK P 6 in Dec 17. Is it possible to pass it if I sat for Russian variant of F 6 ? It seems that UK F 6 is manageable but how harder is P 6 if I go first thoroughly throug F 6 and add more knowkledge for P 6 ?
@peter80 – did not read text book again , did not read the examiner’s articles and aother articles on ACCA webiste from other authors (too complicated and confusing and unbelieveably long) , red all of available examiners’ comments , i.e. what not to do and how to avoid the nistakes other students made in past , did not practice past exams and did not read the examiners’ answers . Only LSBF exam kit and only must do Questions from this Kit . Practiced them by myself and then compare to the Kit’s answers. Please do not learn how to answer from the examiner’s model answers from past papers – too long & compicated , you do not have time . LSBF exam kit on P 7 is good , at least for me.
