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Qualifying Interest

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

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • May 5, 2020 at 7:46 am #569994
    Noah098
    Member
    • Topics: 935
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    • ☆☆☆☆☆

    Thank you.

    May 5, 2020 at 7:49 am #569995
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Under Reliefs, only QIPs incurred against “Purchase of shares in an employee-controlled trading company by a full-time employee” is allowed.

    Sir I do not understand this statement mentioned in our Study kit. Can you elaborate on this by giving an example.

    Thank you.

    May 5, 2020 at 10:43 am #570014
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Like the qualifying interest payments (QIP) listed in the study notes it is just another example of a QIP – you simply need to recognise it as such and respond accordingly if you see that example in an exam question!

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