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For question 4 I thought his annual pension allowance was reduced as he had exceeded the £115 threshold (had a salary of £130k). The second test (once applied the 10% conts from employer) came to £143k, so annual allowance was restricted. It seems I have written completely different things to all of you 🙁
@accaayush said:
I am asking foR first question last requirementI think it was regarding unpaid taxes and the implications for the firm. I could be wrong.
@angelamalta said:
I don’t believe you had to since this is a relief based on iht paid on asset within five years but transfers between spouses are exemptThanks, perhaps you are right, but I thought because the question said that she received an amount from her father’s death estate that this would apply. Nevermind, i really struggled with this paper.
Did anyone apply Quick Succession Relief in question 1 as her mum and dad passed within 5 years of one another? I did but now wondering if I shouldn’t have.
On the MCQ Market Hedge question I calculated this multiple times in the exam and kept coming back to an answer that didn’t exist. In the end I chose the answer closest, however my answer was pretty much midway between answer C & D (if I remember rightly.) I still don’t know what I was doing wrong as it was an area I felt confident in.
Hi Jombee, I cannot find the upload by Open Tuition that you are referring to. Can you put a link up. Many thanks.
Apologies Snell123 for the delay. The link is below. If you look at the bottom you will see the latest paper released.