Rawlc
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#1
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Anyone else just sat this?
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vigsubbey
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#2
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Yeah just did it. Ran out of time massively on Q1 and some parts of Q2. It was a fair paper which annoys me even more but time management was poor. How did you feel like it went?
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a^b
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#3
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(Original post by vigsubbey)
Yeah just did it. Ran out of time massively on Q1 and some parts of Q2. It was a fair paper which annoys me even more but time management was poor. How did you feel like it went?
Same here. I couldn't even complete question 3 properly. Really hoping a miracle happens.
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Rawlc
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#4
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I thought 2 and 3 were ok. Found 1 massively bazaar
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vigsubbey
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#5
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Think loads of people went with hive down when it wasn't with Q1. Q2 was hella weird with the Corporation Tax. There was obviously a CFC but I didnt know what else to talk about.

Q3 was a weird one again with the residency. Feel like I lost a lot on the core marks such as SDLT and CGT stuff. Oh well, gonna have to resit again soon. FM and BS tomorrow !
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a^b
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#6
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(Original post by vigsubbey)
Think loads of people went with hive down when it wasn't with Q1. Q2 was hella weird with the Corporation Tax. There was obviously a CFC but I didnt know what else to talk about.

Q3 was a weird one again with the residency. Feel like I lost a lot on the core marks such as SDLT and CGT stuff. Oh well, gonna have to resit again soon. FM and BS tomorrow !
Well all the best for BST! Just remember to answer all questions even if it is just short sentences. They mark based on impression.
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a^b
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#7
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(Original post by Rawlc)
I thought 2 and 3 were ok. Found 1 massively bazaar
Q1 was something i have never seen before and that terrifies me.
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vigsubbey
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#8
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(Original post by a^b)
Well all the best for BST! Just remember to answer all questions even if it is just short sentences. They mark based on impression.
Thanks pal.
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Rawlc
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#9
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(Original post by a^b)
Q1 was something i have never seen before and that terrifies me.
Me to! I remember thinking that I'd not seen anything like it in the question bank or in the past papers
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R123456tilly
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#10
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Was not impressed with this paper! Didn’t think it was a true reflection of the syllabus and information was just lumped together! I hope BS is an improvement tomorrow! Fingers crossed!
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Accrualworld
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#11
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Ran out of time spending 1 hr 20 mins on first question. Q3 Just dazzled me. Not looking forward to the resit 😖
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Rawlc
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#12
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How did you treat the repurchase of shares?
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Accrualworld
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#13
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Spoke about the capital treatment but felt like I completely went off on a tangent. You?
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Rawlc
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#14
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It confused me because it said capital but then if you worked it out, it failed the tests for the capital so had to be income...?
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nese
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#15
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#15
I did BPT and TC yesterday and think I failed both (again as this was my 2nd sitting). I literally just went completely blank in BPT and even though i identified some issues I didn't know what to write. Just a shambles really. Dreading results day (((
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Accrualworld
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#16
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I thought it met all the tests for capital. Think I messed up there 🤧
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Accrualworld
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#17
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Dw too much mate. Just keep your head up. Probably worth taking them one at a time if it doesn’t go to plan?
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fishxyz123
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#18
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#18
I didn’t think the BPT exam was that bad tbh
Question one was about company purchase of own shares and income route applied.
What elements did people find difficult?
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fishxyz123
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#19
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#19
(Original post by Accrualworld)
I thought it met all the tests for capital. Think I messed up there 🤧
The company only had £6m to spend and his half of the shares were worth 15m therefore they could buy 40% of his half or 20% in total. The 20% gets cancelled. He’s left with 30 out of 80 shares which is 37.5% I.e more than 30% so capital route can’t apply
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fishxyz123
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#20
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#20
(Original post by vigsubbey)
Think loads of people went with hive down when it wasn't with Q1. Q2 was hella weird with the Corporation Tax. There was obviously a CFC but I didnt know what else to talk about.

Q3 was a weird one again with the residency. Feel like I lost a lot on the core marks such as SDLT and CGT stuff. Oh well, gonna have to resit again soon. FM and BS tomorrow !
How would a hive down have applied? They only had enough cash to buy 20% of the total shares, right?
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