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## Comments

814however my marginal relief were very little amounts...wondering if I did something wrong.

The upper limit is £1500000/3 companies = 500000 so in the marginal relief formula I use

fraction x (500000-P) x I/P

correct?

111Great!!! so we might be right.... :thumbup1::thumbup1::thumbup1:

111you need to time apportion the band 500.000 (1500000/3) for 3 and 9 months

125.000 for 3 months

and 375.000 for 9 months

9511110814aarrggh with all these apportions....didn't know I have to do it for the band too! I did put however the

/12x3at the result of the formula!hope I will only lose few marks....if I have to fail the whole exams for this, I will be so disappointed!!!:crying:

7835The final question was indeed split 3, and 9 months, and then divided by 3 as there were 2 associated companies (3 in total).

I think I messed the dates up a little, but not too worried.

Best not to read about what other people got as you just worry. best of luck all.

278I read somewere that if you write just the correct answer you will get more marks than someone who writes the correct answer but puts some unnecessary stuff in the answer. Think i read that duno if its true

82112I Didnt do anything with Emilys salary!

I forgot deduct indexation and forgot to deduct the loss!

I didnt do anything with the leased car as I couldnt remember the formula!

I didnt apportion the tax over the 2 years!

Ok, so best not throw that book away just yet :crying:

428Ment everything else in the section oh man cant believe I missed it!!!

Suppose it does show you know what ya doin, just not that you can read the question right aaarrrgggghhh

112this and PTC are my last exams il be gutted if it drags it on for another 6 months!!!! :mad2:

2I was struggling with this before the exam and am still struggling now! I'm not looking at my revision notes coz it'll make me feel worse! Hopefully they'll see that I kind of know what I am doing.

To answer an earlier question, I believe that it is positive marking, after going through the marks of a past paper with our tutor Karen (the chief examiner) seems fair.

Hope everyone gets a pass xxx

883Now have to revise for PTC on Friday then wait until August, but will start studying for DFS in December then only skills tests to complete and project.

814Example you apportioned the band, what about the

P and I?In my book they leave the entire formula as it is and then they add the

at the end:x 3/121/40 x (1500000-331000)x 295000/331000 x 3/12(please note that those above are not the exams figure!)

8Thought you were allowed leased things as long as you disclose them, like hp interest? Or am I wrong?

Thats another thing Ive got wrong then im supposed to be starting ACA in Sep :crying:

111I have added it up to Net profit as I thought that lease instalments are of capital nature so therefore disallowable...

8111In my book (Osborne) there is also no example of business tax calculation with marginal relief, associated companies and different tax years.

but they always time apportioned if there are two different tax years or the year is shorter then 12 months.

They time apportioned PTCTC, Income and tax bands as well.

814In mine not! therefore I thought it was enough put the

x 3/12at the end, I think you should get the same result? tomorrow I will try different methods, now revising for DFS :001_unsure:111I have noticed different approach in Osborne and BPP book.. from which book are you studying? Kaplan?

Good luck for tomorrow...

814yep Kaplan....

thanks! can't wait it's over, sitting 3 exams this week, my head is exploding!

111Good luck

22I got the same profit and PCTCT as you and also the tax liability looks familiar!!! Well I used the same calculations, maybe just rounding differences!! Fingers crossed