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John Moffat.
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anujafrancis
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Kaplan revision kit question fubuki co
Why is tax relief not considered for debt issue cost?Thanks in advance for your help
John Moffat
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You could be referring to two different things.
Firstly, the issue costs themselves are only relevant when determining the total amount borrowed and therefore the interest on which there is a tax saving.
Secondly, although I do not have the Kaplan Kit (only the BPP Kit), the examiners own answer has a note stating “Full credit will be given if the issue costs are included in the funds borrowed”.
anujafrancis
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