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Hi all
Anyone sat ATX uk today?
I sat it for 2nd time.
I found exam was okay but very lengthy and I am always pushed for time. 2 questions had to rush.
Hope I get a pass.I don’t know what I have written? Can anyone please remind me the questions and the answers which they have written? Man I am going to fail in the exam.
First question:
Group relief in roll over aspect
new client
permanent establishment vs subsidiary
vat group implicationsSecond:
Income and tax related to non cash benefits and cash benefits in employment income
CGT and iht for gift in discretionary trust
remit basis for overseas incomeThird:
Disposal of vases
remit basis vs arising basis on interest income in overseas bank
IHT payments administrative pointsFourth:
Closing year basis period
closing year trading losses
Capital loss
One more part but cant rememberI sat it and I agree it was very time pressured. Not as complex as an SBR/ FM paper etc. but very wordy questions. I had to leave Q3!
umaransari wrote:First question:
Group relief in roll over aspect<br>new client<br>permanent establishment vs subsidiary<br>vat group implicationsDid you give Atx uk? My 3rd and 4th questions were different than yours.
Hmm to say how nervous/unprepared I felt going in, I’d rate the paper okay.
From memory my questions were:
1) Preparing a memorandum to Hale on group aspects of ethics/prep Jeg Ltd, foreign entities, etc. (35 marks)
2) Income tax comp for Lucille, followed by foreign capital disposal and UK IHT planning. (25 marks)
3) (Answered these but drawing a complete blank on what the questions were now) (20 marks)
4) Terminal loss relief, sale of business assets, double taxation relief on savings (20 marks)Hopefully my last exam and feeling pretty good.
Best of luck all.
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