Paper P6 Dec 2010 exam was … Post your comments here

neva mind,,, just relax & pray for success come feb 2011. i likewise did not do question 4, i only did the 4 marks part of it. while i missed the 5 cheap marks on ethics in question 1. but i did my best in those questions i attempted altho i can not say that my attempt was 100% correct. nevertheless, i know that God will still do it & i’ll have my pass mark.

@1982,,,dt exactly my quesstion combination too. i attempted questions 1,2,3, bt when i get to q4 there was just 10mins left & besides dt i dint v time to think abt d requirement.i later got to know dt question 5 was cheaper as it has to wit personal service companies & there were quite a number of eazy marks.if u attempted q 1,2,3 very well u may still have some chances of passing.. let just pray for success,pls dnt think of resiting until u actually get the result. who knows u may pass afterall.

Best of luck to everyone! I went first for question 5. I thought it was ok, need to compare how much money it will cost to hire companies in UK and overseas and self-employed. Write how HMRC question self employed v employed and to compare cost if employee will perform research v company. Other questions I found very time consuming. And was mostly writing, hardly use calculator.

YUCK YUCK YUCK and hardly used my calculator eithr, thought i was just being a bit dozy, and if anyone else was sitting it in Norwich like myself, the heating had broke, it was freezing!!! i had to have my coat on all the way through, but the hands were like ice and shaking with cold and my teeth were chattering not good at all!!!!

Hi All

I also did 1, 2, 3 & 5 and also didnt use my calculator much either. No one seemed too even in the F6 section of room. I thought a very wordy and time consuming too.

I messed up on Q1 a&b couldnt think what to do or even which way round for indexation!! great start for the most amount of marks….I went totally blank but hopefully did ok on the VAT and ethics, so got some marks

What did everyone recommend?

Q2 I thought was ok but I messed up with saying she had only been in country for 4 years so no RBC !!! I did talk about it tho and said when it would apply so hopefully made some marks up there (fingers crossed anyhow)

Q3 a, selling of own shares. Did Melba finish up owning more or less than 30%, I cant remember now what I said….
Messed up on b as didnt pick up on it being a close company so different rules so dropped loads marks there

Q5 did parts b & c first as was running out of time and wanted to pick up some marks – I did Congac less the exempt VAT and talked about personal services companies. I think I recommended the sole trader as not much difference between that and overseas company but less admin and costs due to the VAT having to be in and out on the overseas aspect thingy.

What did everyone else put?

Good luck to you all and fingers crossed for 9 nine weeks time

I taught the paper was ok. there were very less calculation but the examiner focused more on the theory of technical points. I attempted 1,2,3 & 5 and there was no issue of time constrain because I strictly adhered to the 1.8 mins per mark strategy. In q1 & 2 there were some stuffs that were nt covered in the exam kit. q3 was more of a dolly question ..was really easy scoring q.. did somehting in q5 nt sure if its right… hoping for the best …

wateva! p6 has come & gone… let just continue wit our life,,, crossing fingers & legs, taking coffee until feb 2011.

I hope you all remembered the 17 year rule for IHT purpose. i.e. Once the lady had stayed in the UK for a further 3 years, the overseas assets she inherited form part of her ‘estate’ for UK IHT purposes. I was particularly proud of remembering that!!! Good luck to all.

Hmmm…q 1,2,3,4…..was considering q5, but with time going, I went for the easier marks.