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it was veeeerrrrryyyyy tricky even though i was familiar with most of the stuff. after a while i started to get kinda confused!
very confusing question, i had to answer at least 80 marks. but as result of time management and huge nervousness at the first my brain was hanged, i failed to answer.now i have no hope……….
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it was difficult and lenghty…. i think i left 15-18 Marks….
God Helps….And God Bless A.C.C.A- Topics: 0
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very hard exam.Very tricky the chance for me to pass ere at minimum however I thought that i was really prepared.
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Q4 was a mare…. on Q5 was i right in not carrying back the relief to the 1st year they gave??? that would’ve taken it over the 36 months allowed right?? should put it out of my mind really…. cant change it now!
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Also believe God for pass mark results, otherwise the exam was very trick esp.Qn 4
@danwitch said:
Q4 was a mare…. on Q5 was i right in not carrying back the relief to the 1st year they gave??? that would’ve taken it over the 36 months allowed right?? should put it out of my mind really…. cant change it now!Yeah, 36 months only – maxed at 50k, so you should have had something left over to carry forward. I think that was the only question I breezed through, just a damned shame it’s only worth 10 marks!
I think you can do PY relief and then on top of that carry it back 36 months no?
it was brain storming of 3hrs in an exam hall it was tricky i did many silly mistakes in question 2 mixed it up 50 and 75% for group and associate but got all my performa right and my logic of calcultions were right so as far as i know if figures are wrong and logic are right we do get marks so just hoping will pass INSHALLAH
just a slight difference from the June ppr but still hard! imagine PAYE its a topic i failed to understand. was the examiner short of names, am sure hez examining basics not names imagine smith as an individual then smark as a company i ended up confusing the two. tried all numbers but not fully. keep fingers closed for a 50%. thx to well summarised open tuition notes.
(iii) Advise Neung Ltd of the taxation disadvantages of converting its two overseas branches (see note (2))
into 100% overseas subsidiary companies.
whats the correct answer for this?(2) On 13 August 2009 Lim made a gift of 5,000 £1 ordinary shares in Oily plc, a quoted trading company, to her
sister. On that date the shares were quoted on the Stock Exchange at £7·40–£7·56, with recorded bargains of
£7·36, £7·38 and £7·60.
Lim had originally purchased 1,000 shares in Greasy plc on 8 July 2003 for £18,200. On 23 November 2003
Greasy plc was taken over by Oily plc. Lim received five £1 ordinary shares and two £1 preference shares in
Oily plc for each £1 ordinary share held in Greasy plc. Immediately after the takeover each £1 ordinary share in
Oily plc was quoted at £3·50 and each £1 preference share was quoted at £1·25.
Entrepreneurs’ relief and holdover relief are not available in respect of this disposal.
did we had to carry takeover calculation which results in no gain no loss?Mal-Mil Ltd
On 20 December 2009 Mal-Mil Ltd sold two of the five acres of land that had been purchased from Lim on 8 April
2009. The sale proceeds were £162,000 and legal fees of £3,800 were incurred in connection with the disposal.
The market value of the unsold three acres of land as at 20 December 2009 was £254,000. During April 2009
Mal-Mil Ltd had spent £31,200 levelling the five acres of land. The relevant retail price indexes (RPIs) are as follows:
April 2009 211·5
December 2009 218·0
Mal-Mil Ltd’s only other income for the year ended 31 December 2009 was a trading profit of £163,000.
do we had to add the levelling cost???- Topics: 0
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Really tricky exam….Hate the examiner
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i thought that q3 was good but im not sure if q1 wast good as i had no idea of childcare.. i just did my best i hope i pass…. q4 was hard i had no clue i was writing nonsense lol..
December F6 questions are now on line
https://www.accaglobal.com/pubs/students/acca/exams/f6/past_papers/uk/f6uk_2010_dec_q.pdf
Ohh i really found F6 kinda OK specially the 4th question was a Disaster!…I have done my Best and nw i leave the rest to GOD!
Ohh i really found F6 kinda OK specially the 4th question was a Disaster!…I have done my Best and nw i leave the rest to GOD!
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This year’s F6 question is different from previsous sessions..Find it tricky and need to remeber a lot which was not possible except those who possesses more than 1000 gb ram..examiners can be requested to check this paper with all kindness they have..
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I agree that question 4 is very tricky……..I don’t know why the examiner needs to test IQ (ha ha ha very funny)……For question 1, lots of minor points are test….be honest, in practice although tax accountant working in UK rarely remember these points.
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this was a most dangerous paper of taxation ever i think
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