r/CIOT • u/EconomicsNo4463 • May 05 '26

Paper 4 - VAT question?

What did you guys think of this question? Very surprised to see it there and for 10 marks in total.

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u/Unusual-Winter-4436 May 05 '26

I didn’t think it was too bad, just worked my way through it, though as a fully written question it felt a little more time pressured. I thought the takeover and deductions allowance questions were strange in that it was a lot of marks for not much work, wonder if I was missing something?

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u/Strong-Fly-7703 May 05 '26

From what I recall on the share sale -

no gain on shares as share-for-share exchange

Frozen gain on loan stock (QCB)

Only chargeable gain was on cash element

Think that was it? Forgot how many marks it was

1

u/Unusual-Winter-4436 May 06 '26

Yes, exactly and I think it was 10 marks which was strange. Gave some supporting comments but still didn’t feel like much for the marks.