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Couldn’t attend the 10 mark question in Sec C due to lack of time and sorta messed up.
I am happy that i have done the MCQs really well.Since i couldnt attend the 10 mark question.. will acca fail me on purpose due to lack of completion of paper?
I am really getting nervous!
Do all the remember the mcq in section A that was : Paid 10000 pounds of school fees. Had one more transfer. Income was 15000 pounds. So did you all take 10000 pounds into consideration for IGT because once paid it will lower the standard of living of the person or might have to dip the capital to maintain standard of living. Thanks
Rach1234
As far i remember ..I guess in the question it was given ” the fees was paid out of her savings.. ”
I didn’t include that in IHT because the fees is not a ”normal expense out of income and its not habitual and was paid out of savings” . Paying something out of our savings wont bring our standard of living down right? And its not habitual too.Am not sure if i am right.
Lets c wat others have got to tell.
@lubbz said:
Ooops. i mean i included it because its not a normal expense out of income.Hi lubbz
Yeah even I included it lol. Do you remember the amount of second PET? And the final answer by any chance?
Thanks@lubbz said:
Couldn’t attend the 10 mark question in Sec C due to lack of time and sorta messed up.
I am happy that i have done the MCQs really well.Since i couldnt attend the 10 mark question.. will acca fail me on purpose due to lack of completion of paper?
I am really getting nervous!
And don’t you worry, they won’t fail you because of that:) As your mcqs were good, do you know what was the answer of question 17 chargeable gains. The question about deemed price of share and deemed proceeds. I put 5.02 as price of share but I’m not sure about the proceeds.
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