*** F6 December 2014 Exam was.. Instant Poll and comments ***

Yes I calculated 8% holding for the lady and used ER , the other disposal was joint so I split the gain 50/50

Me too Roisin – glad I am not the only one

i computed capital allowances first and thand deducted from trading profit no month apportionment was required for capital allowance as it didnot say any assets were owned by partners and the accounting period was 12months i think this was the case with Q1

Exactly, and she can get entire relief , 10%. That is the reasoreasogive right advise to disposa option 2.

Hope so faizi5 – or ive made a mess of that in Q1

Luong – I chose the one with ER relief as the shares to sell also

I had option one (land) for q3, anyone else get that?

I got that too Ben

This sitting was awful. I practiced a lot, did some mock exams marked by tutors with always more than 70% marks but I couldn’t make it with Q2. I had just lost some valuable time on it. Corporation tax liability was supposed to be my strength in this paper…

I ‘m trying to calculate wether it is possible for me to have a 50% but I can’t remember the allocation of marks, especially for those ones:
Q2 part b and c?
Q3 part b?
Q4 part a?
Did anyone remember them?

i didnot use 40% nil rate band bcoz i thin nil rate band can only be transfered for spouses
i took 325000 as it is

her husband had died and left 40% nrb to use up

On the whole though the paper was ok, they tested a lot of the syllabus but the small questions seemed easy to get marks on. The answer to the ISA question in Q5 was given to you in the tax tables for example. I think the only messy question was Q1 a, but if you didn’t get too bogged down I reckon you could still score well if you applied the correct tax rates etc.

Whaaat ??? It wasn’t spouse ???? Omg this day is getting worse and worse !!!