BTC How did everyone get on?

Just wondering how everyone found this.
Not as bad as i expected - Ent Refief and part disposal of land tripped me up.
Anyone else?
Gill
Not as bad as i expected - Ent Refief and part disposal of land tripped me up.
Anyone else?
Gill
0
Comments
As I only remembered once I'd left that we were given the NIC's but I don't remember being asked to calculate them
Have I missed something - what operating lease formula??
Part disposal, threw me a bit too. I has proceeds, less cost of acq (100,000/20), less (indexation of £5000 x 0.257), less (100,000 x 150,000/(150,000+500,000)), is that what you all got?
Are you sitting any others this week. I have got PCR on Thursday.
Seems to be that most people that sat the exams in my centre had different things wrong but on the whole felt confident that we had done enough to pass. I'm hoping the is the general aura for us all.
Just a reminder not to talk about answers till after 3,
Best of luck to everyone :thumbup1:
Now for revision ON MY 21st BIRTHDAY, for DFS tomorrow :crying:
Jamie
not what I expected at akk spent ages learning shares and also NICs so was slightly disappointed when they didn't come up. Think I messed up the apporioning between the years on the PCTC and don't think I did well in the wordy questions, memory blank :001_unsure: not sure how I will do.
definately something wrong with the set of questions and time!
What time can we discuss the questions on BTC?
best of luck to everyone.
I finished in an hour and a quarter.
I found BTC ok. Was suprised no tax forms to fill in or shares disposal...i had really practiced them...bit annoyed with myself for not time apportioning the bands on the last question for the two tax years....what did anyone else think of that question....ended up using the marginal relief formula...was this right?
Did you have to use the lease formula for the first question in section 2?
what did you do with the salary for emily (was it her ) for 20k ? I time apportioned it to the 6 months and then deducted it of the trading profits ...what did you do?
it's where the car cost over 12,000 you had to use it. Or did i just read the question wrong?
the formula is something like 1/2 x ((cost - 12,000) / cost) x hire charge
the return? dont remember seeing one do you mean the dates they were due? I screwed that up....only a year out ..got the months right :001_smile: