Business tax exam question regarding share disposals


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?




  • BlueJeans
    BlueJeans Registered Posts: 56
    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 yours :)
    Believe you can and you're halfway there...
  • mralex08
    mralex08 Registered Posts: 9

    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!

Privacy Policy