*** P6 June 2015 Exam was.. Instant Poll and comments ***

I didn’t see this type of tuff question paper in acca

Great paper to be honest, loads of residency questions, remittance basis, CGT on foreign assets and UK assets, IHT and some income tax… part 2 was tricky but apart from that a good paper, I’m rubbish at companies so it was good for me, even though there was a RPI adjustment etc which is straight forward. I even finished 15 minutes early which for me was a bit of a shock, i filled up the anser book though just to the last page. Here’s hoping!

SUGGESTED ANSWER FOR Q. 1,2,3,5………PLS

what was associated operations in q4?? never even heard of that word in P6.

Thought the paper was ok, although didn’t have much exam practice to compare to previous papers. Just made sure I learnt the vast majority of topics so I could answer most parts. Can’t remember doing a Q on IHT though which I’m surprised at.

Hutchy1978 – was it referring to the annual adjustment. That’s what I wrote about although it took a while to come up with that due to the wording!

Thanks – I was rushing and didn’t read it properly.

I ended up writng about the flat rate scheme. Hmmmm

Was a tricky paper I thought. Lots on residency etc

Was ok, very capital gains focussed paper, I felt like I was repeating myself at times. Q1 was ok. Spoke about temporary non resident etc.. If they came back. Q2 was okish although got a bit confused with the relationship with the the company being sold and what they were doing there. Wasn’t quite sure what that arrangement was. Q3 was quite nice, although I took the view that the annual input tax arrangement must have been the flat rate scheme, as never heard of annual input arrangement.

Was tougher than other papers, seemed to be purposefully confusing this time round

Tough paper. I think it was too much focused on foreign tax. Is examiner obsessed? Question 2, scenario was so confusing with so many dates! Exam is so time pressured and yet examiner thinks we have lots of time to untangle all the little bits and not get lost in the detail. was there degrouping charge on sale if Baras Ltd? Substantial shareholding relief available? Something to do with Drill Ltd for 5 marks that I have not answered. Syllabus is huge for this paper it’s just impossible to remember all of it, unless all you do is study this paper for full time. If I don’t pass, I will definitely not sit this paper again. Happy had a rant now. It was my 3rd attempt at it and I am dreading.

Q1 – I did use the ties as it gave us more info eg. No close relatives left in the UK, no home in the UK. So I used this info that she didn’t satisfy the ties necessary to be classed as UK resident anymore. Howeve, if returns within 5 years would be classed as temporary non-UK resident only.

@paullu618 said:
60 days= 3 ties or more. Q4 shares I come up with 887.

Yes 60 days, I remember! And there were 3 ties within the scenario (although cannot remember what they were now).

I didn’t get the shares question spot on but it was 800 and something. I put down two figures what it would be between.

Just a few questions about todays exam of which I thought was hard.

The question on the annual input vat was this on about the annual accounting scheme ?

Anybody remember the questions ?

One point was confusing in Q5 as she can sale books after rebinding so its a income I.e. after changing n other books were inherited so its under capital gain :/