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@ddmoo said:
I believe so yes.Wasn’t the gift made in like 2014 originally or was that the other question . Can’t even remeber what I did but But if so The transfer was PET that becomes chargeable on death. Therefore the gross transfer was fixed on the 1 May 2014 or whenever the gift was and became chargeable when the woman died . So the Nil rate band would’ve been used when doing the initial calcualtion and only a bit was left . Think I got the final tax figure as 12k
@meldass said:
What did y’all put for the MCQ with the best test for the revenue which was recorded in the current year but related to the following year?The one re looking GRN pre and post year end or something. C I think it was?
@tomlloyd393 said:
Yeah i did the same with regards to the material question I put a qualified opinion as i concluded it was material but not pervasive. I think we have got that one wrong though as I think it actually was unfortunately immaterial.Nah was material. Was over 1% of revenue and the question even stated that the audit materiality was based on revenue.
On another note, how grim were the McQ’s! Averaged 20/30 in most of the past papers but don’t think I was 100% on any of the ones I put.