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It was pretty tough. Tax planning question was a mix of CGT & IHT. Luna and Moon ltd partnership was a little hard. How did you calculate Luna’s income tax?
Think a part of it was rent a room relief then whatever her split was from the previous question. What was your Corp Tax question about ?
Yes that’s it I got a corp tax for seven month period. Had to calculate the tax adjusted profits, corp tax liability and I think there was something about trading loss and capital loss.
Yeah , that was the one. Thought it was a hard paper. A lot of dates ect. The section C questions defo could have been a little nicer ?
If I got the some question I didn’t even realise it was a 7 month period oh no ! Section C had to calculate trading profits, capital allowances, property income and group relief and then I had a question on 3 peoples salaries which including working out the child benefit charge
Did everyone get corp tax with seven month period? I cant remember if i forgot to adjust for seven months or the question was a 12 month period. I got the question where you had to adjust for capitalised expenses and claim group relief.
I got that question but I didnt notice that it was for a 7 month period so I didnt adjust it. I dont know whether it was 7 or 12. I
results are a few days away and i cannot help but wonder if i was the only one that did not notice a rate sheet? I did not see anything containing that information on exam day. First time writing taxation (and hopefully the last) so i am guessing i did not know where to check. So i just worked with the rates i studied with. Which are the ones for FA2022. I honestly hope I used the right rates.
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