I'm confused with basis points!
If debt is available at 5.2% less 30 basis points, is this 0.052 - 0.003?
If 10% less 100 basis points, is this 0.100 - 0.010?
Correct?
Mar Jun question 2. Please explain how there's a "tax relief loss" for years 2 to 5?
Thanks a lot.
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Basis
7y ago#11 basis point is 0.01%.
(so 5.2% less 30 basis points is 5.20 - 0.30 = 4.90%)
With regard to your second question, please say for which year the question is in.
2018 sorry
7y ago#3In year 1 there is a loss for tax purposes of 14,650. Therefore there is no tax payable, and the loss is subtracted from future years taxable profits.
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