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Absolutely horrendous! This is will be my 7th attempt at this paper! All the knowledge is somewhere there but for some odd reason I bottle it when it comes to tackling the exam questions.
Q1 was OK. About overseas perm establishment and overseas sub.
Vat implication for transferring assets
Cfc charges if any.Q2 didn’t go too well. Especially the first part which was worth 17 marks. Very easily got diverted from the actual question . 4 errors, with each asking for impact on 2 people in respect of i.t cgt iht.
Missed the penalty element which was lucky only 3 marks. Ethics part was easy though.Q3 was OK. Iht cgt qsr. After tax proceeds of cap gains on shares. Distinctly remember personal service companies.
Q5 was OK. Non trading loan relationship. Tax deductions for it.
Basis period and taxable profit for each tax yr.
And I think there may have been an iht question at the end of Q5 but can’t remember.Overall was OK given they didn’t test group relief
would anyone spare some advice on passing p6 please? im struggling to manage the sheer volume of knowledge required from the syllabus. It’s by far, the one exam with the most topics. most importantly, during exam practice, i can honestly say i never attempted a single question without looking at the answer on the back. this was probably becuase in some cases the requirments were to vague, so never was sure where to start.
besides, i never did f6 as i got exempted through my degree over 6 to 7 years ago! as a result i spent most of the time trying to learn the basics instead of getting up to scratch with advanced requirements.