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what is meant by the loan relationship rule

This topic has 3 replies, 2 voices, and was last updated 7 years ago by Tax Tutor.

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March 6, 2017 at 2:32 pm #375971
Jean96
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could u give me an example of a calculation
March 8, 2017 at 9:31 am #376511
Tax Tutor
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It is simply interest receivable less interest payable on non trading loans
March 8, 2017 at 12:51 pm #376575
Jean96
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and how should we account for it
March 9, 2017 at 8:15 am #376968
Tax Tutor
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Interest payable on non trading loans is deducted from interest receivable to determine the interest income assessment for the company whereas interest payable on trading loans is a deduction in deriving trading income
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