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Anyone did F6 RUS?
MCQs were quite hard…
Other 10 and 15 mark questions were OK but not sure how well I managed to answer them…
I think you dont need a form P11D. the company deducts tax thru PAYE.
I did not mention the word PAYE :/
Suggesting the parent company to transfer the gains to Clazt and they can deduct from the capital loss they made
For the question 33 I also mentioned they can make a joint election to net off Gains and losses
Hello all,
I have attended the December 2017 F6 UK Taxation exam.
I’m pretty pessimistic about the result and I would like your advice. I intend to start preparing myself for March 2018 session, I was wondering if it is safe for me to use the study materials I already have (FA 2016). Will there be any fundamental changes for the next year taxation rules?
Also could someone please share with the a BPP revision kit if available?Thank you very much,
C
Hello Cristi,
The BPP study text and revision kit which I studied for F6 UK is also valid until march 2018, so you can sit in March 2018. FA 2016 is going to apply in March 2018, like in December 2017. Anyway, wish you could pass in December 2017 session and do not need to retake the exam! Good Luck!
Hey everyone, does anyone know the right answers for question 16-20 which were for capital gains purpose? It has bothered me since I took the exam and when I completed the answers, wasn’t not at all for the correctness of the answers!
I would appreciate the hepl, thanks!I also hope you flagged the £500k AIA whilst calculating the capital allowance.
Right with regards to the group loss relief, according to the 75% group relief only two out of the three would surrender their losses to the claimant ( The parent)
There was a little table at the end of the question with the first subsidiary which it was very straight forward given the same 12 months accounting period so just deduct from the parent’s profits the second sub had two figures that needed to be apportioned and deducted
I did compare the lowest of parent and sub. That question was very interesting, a lot going on, I hope you did well …Hey Gert,
Would you remember the context of the question? that was a lot capital gains questions, although not testing the depth of the capital gains reliefs which was quite odd…
I think that the calculation was regarding the parent not the sub. Current capital losses within the group are only to be surrendered if falls on the same accounting period, if sub had a b/f loss then capital losse are not available for group relief, hence it would be possible to transfer the parent’s gain to the sub
So sorry I might be wrong but really don’t remember anything relate to P11D PAYE form
What question was that?@ magd90
I took F6 POL. How are your feelings about the exam? I’m afraid I didn’t get the correct numbers in any of the questions… but hope I will get some points for the workings.
Yes, I’m afraid too. I hope like you, that workings will give me some points. Additionaly, I’m not sure if I signed all of open questions and not sure how ACCA looks at that (even If all of them were on the sepparate pages). Do you remember the last one question? I remember only 5 open: PIT computation (labour contact), Vat (% of vatable and exempt), allowable costs used to CIT (rents, depreciations), open 3 questions without any computation, lump sump (rycza?t ewidencjonowany)+ normal calculation for runnning the business. What was the last one?
I know its late to ask .but,do sm1 remember the 2nd question.was the requirement to calculate income tax or income tax payable? Anyway,i have deducted PAYE. waiting for the reply 🙂
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