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need miracle to pass 🙁 the Questions were totally diff from which i have practised. did tonnes of practise and preparation was fine.. but bad luck 4 me.. dont know what to do.. really depressed now :'(
Was Edward King in question 1 a partner of the company? Would he have to be assigned a portion of the profits?
what about the question where was asked to explaine why is no more expensive to hire two part-time employee instead of one full time? I didn’t know what to write. Q2 I messed up too 🙁
Was Edward King in question 1 a partner? Should he have been allocated a portion of the trading profits?
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Only one topic I wasn’t sure of- Corporation tax- Groups, came out to be for 15marks Question 4 🙁
Same situation here… Did so much practice but i was very unfortunate, Can’t solve the questions properly. Paper was very difficult this time. I hope percentile method should be followed this time. Needs a miracle to pass!
For the capital allowances in the first part question 1, was it only the moveable partition walls which were allowable? I took it that the low ceilings, displays and flooring were decorative so wouldn’t qualify. The walls qualified for AIA at 100% and the written down tax brought forward at 18%.
terrible. None from those type of questions were in P&R Kit. Think that F6 was more scenario based this session.
Daniel – I couldnt remember that part for the capital allowances (integral features) – I put everything bar the flooring – not sure if its right or not – but just needed to make a decision and move on.
Integral features – definition – From HMRC Website
The new rules on integral features apply where a person carrying on a qualifying activity incurs expenditure on the provision or replacement of an integral feature for the purposes of that qualifying activity. Each of the following is an integral feature of a building or structurean electrical system (including a lighting system),
a cold water system,
a space or water heating system, a powered system of ventilation, air cooling or air purification, and any floor or ceiling comprised in such a system,
a lift, an escalator or a moving walkway,
external solar shading
Only assets that are on the list are integral features for PMA purposes; if an asset is not one of those included in the list, the integral features rules are not in point.The rules also specifically clarify that the new definition does not extend to any asset whose principal purpose is to insulate or enclose the interior of a building, or to provide interior walls, floors or ceilings which are intended to remain permanently in place (S23(4) & S33A(6)). So if, for example, a business installs a new, permanent false ceiling in its premises, in order to conceal new wiring and service pipes, expenditure on that ceiling would not qualify for PMAs.
On the other hand, if a business installs in its premises a plenum floor or plenum ceiling, the principal purpose of which is to function as an integral part of the heating or air conditioning system (for example, the plenum floor or plenum ceiling may form the fourth side of a duct or channel through which stale air is extracted and treated air is discharged), that expenditure would qualify for PMAs as part of an ‘integral feature’ of the building or structure (CA22070 & CA22080).
@ accaonetwo examiner try to trick you to calculate it with a/a+b formula but it was not applicable since scenario was little bit change
cost value was total 15 acre of land less 7 acre cost patrick sold in 2006 = remaining 8 acre land cost….F6 paper was awful i read whole book and practiced kaplan kit questions but paper was 50% similar with kit ..examiner ask questions in a different way hope to get 50% marks :/
For the June 2015 sitting will the F6 paper format change?
I have been told they will be adding 50% MCQ
looking back at this paper – i will be lucky to get 50 🙁 blast Question 2 and panic
The paper was fair but the time pressure was too much. I hope I will score a 50%.
Made quite a few mistakes but I think I did fairly well. Waiting for 8 February now.
i chose alrenative 1 it gave highest net proceeds i.e deemed proceeds – capital gains tax on the sale of land
Does anyone know when the answers will be published? or is that released after results day?
From Malta here. If you forget to mark what questions are attempted does that mean that your answers are not corrected?
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