PTC - Section 2 Schedule A Question

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Hi Everyone

I've been reading all your comments/answers following Friday's exams and just realised that I completely messed up on the Schedule A question in Section 2. I missed the fact there were 2 properties and only did the calculations based on 1.

I know this means that my Income & Capital Gains tax liabilities will be wrong, but so long as I've treated the wrong figures correctly in my tax calculations, will that mistake be enough to fail???

It looks like my Section 1 figures work out pretty much the same, and my amount subject to CGT following all the Tapers agree with some of you guys of £36978, its the one property left off the schedule A that's messed me up.

As you can gather - I'm really annoyed with myself and very concerned!

Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PTC - Section 2 Schedule A Question

    If you carried through the initial error correctly, you should only be marked down on the original question. Try not to worry, Christmas is coming, let's focus on something nice!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PTC - Section 2 Schedule A Question

    I agree, we've been told countless times that if you carry an incorrect figure forward to future questions you will not be marked down. Dont worry, noone gets 100% and nearly everyone will carry forward a wrong answer and still pass if they do the rest right!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PTC - Section 2 Schedule A Question

    Thank you for your replies. I'm still feeling annoyed with myself but am a little more reasurred now that it might all still end happily!

    Have a nice Christmas.



  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PTC - Section 2 Schedule A Question

    I'm very worried about PTC as well I've done a silly mistake which has gone to the other task as well.Hope done enough to pass.

Categories

Privacy Policy