Business tax exam question regarding share disposals

mralex08

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

BlueJeans

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

mralex08

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!

Alex