Hi, just to confirm, in the above example there is qualifying paid interest on a loan of 3000 and in the computation this is deducted from the non savings column. Will the deduction always be made from this column? Thanks!
Ask the Tutor ACCA TX-UK
Chapter 2 Example 17 - Qualifiying Interest
All deductions from total income, such as qualifying loan interest are deducted in the same order as the PA - Non savings income followed by savings income followed by dividend income
Thank you again Tax Tutor.
Sign in to reply to this topic.