In the examiner’s comment it was mentioned that: My question is whether candidates lose marks for not grossing up the LATP (previously NCI) with the OLTB (previously GRB) profits in their workings yet get the correct final taxable figures? Thanks all.
The rules have changed recently, so that OLTB profits don't need to be added to the BLAGAB I-E result before comparing with the LATP, so the issue will no longer arise. Previously though, the LATP covered both BLAGAB and GRB and so GRB profits would have been added to the I-E result before comparison. If this hadn't been done, then yes, marks would have been lost (assuming the question asked for an explanation of your calculation) even though if wouldn't have affected the final answer.
