Thought the paper was okay.
For the final section, I had a question on how the loss on the disposal of EIS shares could be relieved. This was one part I wasn’t sure of. I basically stated it could be treated as a capital loss, or opted to have it treated as a trading loss and relieved as such (against total income for the year of loss or previous year – not enough loss for both or chargeable gains).
Oh and the final part with the overall interest saving by using his investment to repay a mortgage, so the interest saved vs interest income generated and the tax implications of both.
