In APV, if we’re told that interest is not allowable for tax purposes, then obviously we don’t get annual tax shield benefits.
But we would only get 100% of the subsidy benefits, wouldn’t we?
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APV
7y ago#1If there was no tax then yes, you would get all the subsidy benefit. However, I can't imagine there ever being a question where either there is no tax, or where there is tax but the interest is not tax allowable.
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