Business tax exam question regarding share disposals
mralex08
Registered Posts: 9
Hi
I recently took the business tax exam and I think I may have incorrectly answered a question with regards to share disposal's for a company. I added shares purchased within the previous 9 days to the share pool and then worked out the cost of all shares as part of the calculation. I now know this was the wrong thing to do. Are the examiners harsh when marking tasks as I believe my method was correct in answering the question with the exception of incorrectly adding the shares purchased within the previous 9 days. Do the emaniners still credit marks for workings etc or do they fail the entire task as a result of this minor error?
Thanks
Alex
I recently took the business tax exam and I think I may have incorrectly answered a question with regards to share disposal's for a company. I added shares purchased within the previous 9 days to the share pool and then worked out the cost of all shares as part of the calculation. I now know this was the wrong thing to do. Are the examiners harsh when marking tasks as I believe my method was correct in answering the question with the exception of incorrectly adding the shares purchased within the previous 9 days. Do the emaniners still credit marks for workings etc or do they fail the entire task as a result of this minor error?
Thanks
Alex
0
Comments
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Hi Alex
You will still get credit marks for correct entries you made, so it may be marked as "met" task, which it's still good.
Any tips for this exam? I will be sitting in few weeks & very nervous about it.
Good luck with yoursBelieve you can and you're halfway there...0 -
Hi
Thanks for getting back to me, hopefully aat are kind to me when marking!
The best thing I can advise is that you revise about disposals of chattels, losses and also the three year opening rules for sole traders (overlap rules)
Good luck!
Alex0
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