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It might look I am asking it again but I only got the one question answered do here’s my question
Are transaction costs on loan payable deducted from taxable profit if yes when?(there is a conflicting answer to this in bpp)
I suppose that the answer is going to be yes, transaction costs are deductible in arriving at profit before tax. As to whether or not this creates a temporary timing difference will depend upon the jurisdiction in which the entity operates. In addition, are there transaction costs at both the beginning and the end of the loan period or just at either the start or the finish.
Too many questions to be definitive about an answer and that’s probably why BPP may appear to have a conflicting view
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