P6 Exam tips from BPP, Kaplan, First Intuition, Icount – Dec 2011 sitting

BPP

Section A will involve two case study questions covering around 60-70% of the marks. One will be from a personal tax perspective and the other from a corporate tax perspective. Both questions will cover a range of topics and taxes and will require the construction of professional documents like reports/letters.
Section B will comprise 3 questions making up the balance of the marks.
Topics that may appear this sitting are as follows:
Liquidation
Group/Consortium relief
Close companies
Sole trader/partnerships
Inheritance tax versus capital gains tax
Property income
Enterprise investment scheme/venture capital trust
Termination of employment
Income tax losses
Personal service companies
Land and buildings aspects of VAT

Kaplan tips

Overseas aspects of CGT
Corporation tax groups with consortium relief
VAT groups
IHT vs CGT

First Intuition

Income tax- overseas aspects of income tax, share option schemes, change of year end, trading losses, partnerships, EIS and VCT relief
Corporation tax – close companies, benefits for participators, non-UK companies trading in the UK, groups and trading losses and groups and gains, including pre-entry elements. Overseas subsidiary or branch.
CGT – PPR and gift reliefs, reorganisations and takeovers
VAST – capital goods scheme, flat rate scheme
Administration – payment of corporation tax in instalments
IHT – related property, BPR

Icount

•Advising on IHT mitigation with CGT aspects of lifetime gifts.
•Corporation tax groups with VAT groups.
•Sole trader trading losses.
•Employee share schemes.

source – PQ Magazine
https://www.pqaccountant.com

best of luck with exam!
ansi