I am working my way through the ICB Level IV Personal Tax FA11 book with a view to doing that exam at some point in the future. On reading your recommendation in this forum I purchased
"ACCA Paper P6 - complete text" This is also by Kaplan like the ICB book but goes into much greater detail. At the moment I'm just going through the ICB book and where the details appear lacking in it I will go to the ACCA book.
On several occasions it will refer to the F6 paper which readers should have done/read.
Bear in mind the purpose (at this point in time) is to help me understand the tax issues - not to pass the ACCA exam. I think it will be a long time before I could even think about that.
__________________
Never buy black socks from a normal shop. They shaft you every time.
a lot of the information in F6 is repeated in the text for P6 espechially in the first few chapters of P6.
I get the P6 book every year but haven't purchased the F6 book for a long time.
That said, I have bought the P6 BPP I-Learn CD which is a lot lower level than the Kaplan P6 text and I suspect that it's ctually the F6 material with a bit extra added.
Considering the reason why you are getting the book then F6 will include additional relevant detail but whether such is sufficient to warrent a second £30 purchase for a book that is only ever useful for a year is doubtful.
If the material is giving you jip then I would recommend the BPP I-Learn course on a CD for either F6 or P6.
Also worth looking at would be the Kaplan exam kit for paper F6 which takes old exam papers and completely updates them for FA11. That I did buy although I've not yet had chance even to open it! (don't bother looking at old tax papers on the ACCA site as they are exactly as they were sat rather than adjusted for the changes in tax rules each year).
I think that tax at F6 level is one of those area's where it doesn't matter which bodies papers one is taking as tax is a great equaliser with all bodies needing to test knowledge of the same information.
Current price for the F6 exam kit is £17.60 (http://www.amazon.co.uk/F6-Taxation-TX-FA-11/dp/085732313X/ref=sr_1_4?ie=UTF8&qid=1342977854&sr=8-4) or £14.67 fullfilled by Amazon so free delivery.
Current price for the F6 i-learn CD is also £17.60 (http://www.amazon.co.uk/ACCA-F6-Taxation-FA2011-i-Learn/dp/144538325X/ref=sr_1_1_bnp_0_main?s=books&ie=UTF8&qid=1342977959&sr=1-1) don't risk an opened copy of this as the licencing restricts the implementation to two PC's and it's really not worth the risk that it's already been instaled).
Current price for P6 i-learn is £25.50 so I would stick with the F6 cd if you go down that route.
In conclusion. Save the money on the F6 study text and invest it in the F6 I-learn and exam kits which would only set you back £35.20 and as the current price of the study text alone is currently £31.68 the complimentary rather than repeated material will only set you back an additional £3.52... Or less if you get the second hand F6 exam kit.
HTH,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thanks for the advice - this will save me some money. I think I'll do a read through of the ICB books (personal and business) a couple of times before reading through the P6 book completely (rather than just picking out bits). Then reading through the ICB books another couple of times.
What won't save me money is bidding for the wrong book on Ebay. I just hope someone outbids me in the next 18 hours.
__________________
Never buy black socks from a normal shop. They shaft you every time.
On the whole book buying front I went onto Amazon to buy one of the IFA study texts to check it out... Came away having purchased eleven end of run books, none of which was the book that I went on there for in the first place!
My library is in one of the bedrooms and it occurs that with seven pretty fully laden bookcases in there I might be needing to look at reinforcing the floor before the library ends up in the dining room below it with minimal effort from me!
Talk later.
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
if you bought the P6 book in the chapter on Property and investment income there is a mistake in Test Your Understanding question 5 that has not been picked up by Kaplan in the post release fixes.
The question correctly takes account of the Enterprise Investment Scheme reduction but forgets to apply the tax credits from the Real Estate Investment Trust, Discretionary Trust or IIP Trust (and it's not even a Trusts question!!!) which in total should give a tax credits figure of £4493 and Income Tax liability of £9054 rather than the £13,547 answer in the book. (actually, it's £9054.65 but the book seems determined to lose the pennies in the calculations).
Hope that if you tried that question it didn't mess with your head too much.
All the best,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
