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The UK Variant was alot easier than past papers, only question that would have caused a problem was question 7,
Part a was about Intention as they guy was friends with the person he was entering into a contract with, part B definately lifting of the veil as per Gilford Motor cars
Found this paper very time pressured! Had a good go at all questions apart from the last one, ran out of time was unable to answer questions on Group losses and DTR/Corp Tax, what the hell was the 2mark question on VAT all about (selling the company etc) The gains question seemed alot easier then Gain questions in past papers. Property wasn’t too bad either, Q2 was a little tricky! Hoping I racked up the marks in Q1 some of Q2 Q3 Q4 and IHT Q5, although I know the diminuation rule should have been used as the transfer amount. Nevermind would have only lost a couple of marks for that. Fingers crossed peeps, onto the next one.