*** December 2021 ACCA ATX exam – Instant Poll and comments ***

irena2017 wrote:Does anyone remember a question about patent in requirements?
There was information given about it, but I did not use it because there were no question about it.<br>I think I missed it and remembered at home only.

I remember there was intangible patent. If I remember correctly it was patent transferred with the capital gain group and company was sold. So potential SSE applied on degroup charges…. If I remember correctly.

ak2401 wrote:

jenkzzy wrote:i think you had to work out the other income to work out how much of the basic rate band was remaining (think i calculated about £5k)</blockquote

Yes there was a note saying be careful of what CGT rates you use, then clocked the dates and realised. Yes about £5k that’s what i made it too.

Praying ive written & done enough to pass, don’t want to do it again ?

brilliant! i don’t think i’ve seen many other people do this part of the question so glad someone else had a similar figure! also don’t want to have to resit so praying for at least 50%!..

avbosip wrote:Hello Bilal!
That is nice to see some people from the same Kaplan group…:)<br>I had two last this session. Just hoping for the best.

I think it was “assume no losses are group relieved” or something similar, so would have been carried forward.

agree with you re the patent – no calcs were required so needed to talk about chargeable gains group so NG/NL, degrouping charge and then SSE as >10% and 12 months in prior 6 years, so whole gain would be exempt.