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Qualifying interest

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Qualifying interest

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • July 18, 2018 at 9:43 am #463690
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Hello.

    “Interest on a loan to purchase shares in an employee-controlled trading company by a full-time
    employee”

    -The above statement is a qualifying interest.
    -Could you explain what does ‘an employee-controlled trading company’ mean?

    Thanks.

    July 22, 2018 at 9:43 pm #464275
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You will not have to explain the term but merely recognise it if that precise form of words is used in a question

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