PTC....Last minute tips?

Nicolaw1702

Any last minute tips anyone would like to share for the exam on Friday :confused1:

speegs

Yeah -

The debit side is the side nearest the window.:001_tt2:

Speegs

speegs

Sorry Nicola

Just having a laugh. But seriously, all I can say is:

1) Read and re-read the dates given in the question to make sure what is there relates to the current tax year.

2) Remember that rental income and expenditure is calculated on the accruals basis. This also means that if you receive a charge in the current tax year but it relates to an event in the prior year you should not include it in your calculation.

3) Don;t forget that ISA's and National Savings Certificates are exempt from income tax.

4) Don;t forget that wasting chattels are exempt from CGT.

Hope this all helps.

I am also sitting PTC on Friday so wish me luck.

Good luck to you all.

Speegs

Nicolaw1702

Speegs, you've just worried me!!

I am off for the next two days to go over my notes and past papers.

GOOD LUCK TO YOU

speegs

Nicola

Which bit are you worried about? Tell me and I will see if I can put your mind at ease.


Speegs.

Nicolaw1702

All of it!!

I hate exams :-(

I did two papers last night and was fine :-) and it only took an hour

Are you ok with it all?

speegs

Hi Nicola

I think I am solid on all of the PTC stuff. Even, for once, the theory. I love personal tax. It is my last exam and I think I left the easiest one for last. I hope I am right about that and Friday's paper isn't an evil one.

It sounds to me like you will be fine.

Where do you study?

Speegs

Nicolaw1702

I do it as distance learning, ! Find it quite hard to motivate myself! But i will be sitting 3 exams in Dec, not looking forward to that :mad2:

But will be glad when its all done

Good luck to you,,,once again