Personal Tax 2016 Practice exam

jodyewhite

Hi All
I have just had a look at the practice exam for 2016, I am struggling to see how AAT get the answer of £315 for question 2c. The following interest free loans have not been paid, using the average method what is the benefit.
1/1/2013 £4000
1/1/2016 £5000
1/1/2017 £3000

Thanks

clara

£9000 b/f so add to total amount of 12,000 = £21,000/2 x 3% = 315.

jodyewhite

Many thanks Clara