[nick695]

Hi,

Would also like to know if it’s possible to withdraw from an exam after the standard closing deadline? Is it possible to defer? Not for any particular extenuating circumstance, just not ready to take it?

Thanks,

[nick695]

Hi Sir,

Thank you very much for your explanations and having reviewed this, this is making much more sense now. I was getting mixed up before and assuming that the tax on transfers chargeable in lifetime was simply an adjustment to when it was paid not a completely separate issue.

Just out of interest and most likely beyond the scope of TX-UK, if the recipient/donee of the PET (made within 7 years of the CLT and within 7 years of death), was a child/minor under 18 would they still be liable for the IHT due?

Thanks for your help

[nick695]

Yes first time attempting the PM exam and felt nothing like practice questions or past/mock papers. For section C i got Flexed Budget Table and Transfer pricing, was not that strightforward.
Section B was a nightmare, I got optimal pricing, constraaints which I was under prepared for, I did not have many variance questions which was what I practiced heavily. I sadly suspect I will be resitting this in March, anyone else get similar questions?

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