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In Q1a, I kept wondering why is IHT payable on PET by the ‘son’ in question when whole of the estate was left to his father. Then I just made an assumption that he is a remainder man and did some calculation.
In Q2a, I even turned the page to see if some numbers were provided for the calculation. Kept reading between the lines to see what I was missing, cause it was for 14 marks I think, but invain. Could only find stuff for explanation than the required calculation. Ended up with random assumption and some calculation but could never justify the marks provided.
In Q3, I mentioned that if proceeds were given instead of the painting, cash will be exempt from cgt so no tax will be deducted on it. And If the painting was given, it will be given at market value 34k since it was being given to a connected person which was subsequently sold at a no gain no loss.
Forgot the rest of it already.
Thank you both of you. Much appreciated.
Any tips regarding P2 knowledge that’s required for the P7 paper, how to go about it, what to focus on while reading.
Paper was horrible today! Probably the worst I’ve seen from this examiner so far. Someone rightly said the requirements seemed like the movie ‘inception’. I think I did okay with Q1a, messed up in KPIs and costing approaches part. How else would you measure innovation if not through the number of new products? Thought I did okay in 3a until I read 3c, then I was just doomed thinking what else to write since I covered all aspects in the first part. Q4 looked cake until I hadn’t read and tried to attempt it. Lost a lot of time so I couldn’t have switched to Q2. Crazy crazy paper.
I have Kaplan study text but I haven’t yet started it. Please create a WhatsApp group so we can discuss it. I can send you my number so you can add me to it.
Depends which publisher you like reading to. Both are platinum approved and cover the syllabus equally good. As for me, I prefer Kaplan for theoretical papers since I find their language relatively easier to understand compared to a BPP text. Whichever text you prefer reading to, give it your best shot, ’cause that’s all that matters.
Edit: Just figured it’s ask the tutor page, sorry for the post. There’s no way to delete the message so I’ve let it be.
