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It was a standard paper I suppose, hoping to pass with ALLAH’s mercy 🙂
I believe that the paper was quite fair . Yes, it required alot to write and to plan before writing and it’s not easy during those 3 hours.
But 3 hours were definately enough to get 50 marks and even more. VAT question was enjoyable ..it looked like examiner did his best to let us gain at least some easy marks.
The hard one for me was corporations tax. But it was simply because i didn’t have enough practice.Surely now comments of people will depend on how well they were prepared and how high they aimed to score 🙂
Well, i pray for success of everyone. Wish you guys at least to pass 🙂
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f4 is in a few hours and im relly worried abt that..f6 was ok..must pass inshallah.:) ,,thanks opentuition.:)
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I felt it was tricky in every questions,
all admin questions asked more, when it is paid……… so specify date,
All the big figures were part of it to confuse more,
Q3 was difficult to understand, but still I think, I have done well, as per my knowledge.- Topics: 0
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i didnt attempt question 5… :(( which was the easiest…
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the papper is not bad anyway though very tricky, Q5&Q3 very easy while q1&2 took time
Does anyone remember what they put for the first part of Q5 for 2 marks it said state the diff between CLT AND PETS for Inhert Tax purposes?
@louibee said:
Does anyone remember what they put for the first part of Q5 for 2 marks it said state the diff between CLT AND PETS for Inhert Tax purposes?i wrote that there is a lifetime tax on clt and no tax paid in life on pet
if the donor dies within 7 years time of gift made then additional tax on clt and a tax on pet followed by a taper relief, if donor dies after 7 years then pet is exempt from iht and clt additional tax is also not paid
this is wat i have writteni have a mistake in question in for bonus i added two bonus , will the examiner will deduct 1/2 mark for bonus, coz due to that my paye wud be wrong, income tax computatiion wud be wrong, and even balancing payment wud be differ, so wat do u think wat the examiner do anyone have idea by marking scheme
will there be marks for procedures, or for calculations
in chargeable gains for dinnah…..
i have computed capital gain tax it was nil as it was deducted by annual exemption of 5000 i hope i m correct
@addydegr8 said:
i wrote that there is a lifetime tax on clt and no tax paid in life on pet
if the donor dies within 7 years time of gift made then additional tax on clt and a tax on pet followed by a taper relief, if donor dies after 7 years then pet is exempt from iht and clt additional tax is also not paid
this is wat i have writtenYes thats exactly what i wrote so hopefully we will get the 2 marks on that and then 12 marks on the calc and one for the due date on the death estate which was 6 months end of month after date of death 31/08/11 or if earlier the the date of the delivery of account.
Can you remember what you put for the VAT questions?
in vat i had sum problems,
the first question when they had to register was
the co. taxable supplies of 70000 were crossing in febraury and they had 30 days to inform hmrc and HMRC will consider them as registered from 1st april…i dont know if i m correct or not
@addydegr8 said:
i have a mistake in question in for bonus i added two bonus , will the examiner will deduct 1/2 mark for bonus, coz due to that my paye wud be wrong, income tax computatiion wud be wrong, and even balancing payment wud be differ, so wat do u think wat the examiner do anyone have idea by marking schemewill there be marks for procedures, or for calculations
The marker never cariies anything forward and only penalises you once so yes you will get 1/2 mark deducted and the aslong as you applied the correct rules to the rest you will be fine 🙂
where the second question was about when he will pay the vat and if the quarter is
jan feb & march, so the co. have to pay vat return and payment after 30 days,and the interest wud be charged at 3% annually prorated by monthsin chargeable gains for dinnah capital gain tax question
i have computed capital gain tax it was nil as it was deducted by annual exemption of 5000 i hope i m correct
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hiya did neone deduct the impairment recovery from tarding income since it was for 08 that falls in 08/09 tax year and shouldnt be added in the trading revenue for this year???? help
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no AE for companies @addydegr8
@addydegr8 said:
in chargeable gains for dinnah capital gain tax questioni have computed capital gain tax it was nil as it was deducted by annual exemption of 5000 i hope i m correct
Where does £5000 ae come from? Its £10100??/
@sentinel01 said:
no AE for companies @addydegr8This wasnt for companies it was for individuals all of them had the AE of £10100 available and the first one who claimed for Entreprenurs relief the exepmption was off the non eligable gain not the gain on ent relief!
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hey louibee urs and meerkats ans r close to mine did u took da impairement off fm trading income as adjustment????
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yeah i looked closely to da quest later the co. question is soo movn in ma mind makn me crazy neways the RPI was already calculated for us wasnt it??? we just had to times it by the costs
@sentinel01 said:
yeah i looked closely to da quest later the co. question is soo movn in ma mind makn me crazy neways the RPI was already calculated for us wasnt it??? we just had to times it by the costsI didnt take the impairment loss off but i didnt know a thing about it so i just left it as okay but im probably wrong.
Yeah the RPI was already calculated so you just did the cost x the RPI and deducted it and then the same for improvements wasnt to sure about the repairs because of fire so i just added them in also.- Topics: 0
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from previous papers, if this examiner is going to test an area, he looks at it from all angle (employee, employer, partner) and NIC questions was so that. All it takes was setp by step.
I found this paper good, esp. with IHT. which I look at in the few days up to the exam and it was fresh in my mind.
Lets see how I did. (feeling good overall)
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The paper was fair to me, especially if you follow the OT f6 tutor and practice the June 2011 revision by open tuition. Although there were some tricky aspect of the question but one can easily pick some marks. i’m surprise candidates are complaing about question 3 on CGT. I listen and practice the OT f6 lectures and seeing those question was as if the super woman who took those lectures was talking to me in the exam hall. OT thks for your effort as for me i’v never seen any tutor as detail and with good lecture delivery as the super woman for f6.
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