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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 2 Example 17 – Qualifiying Interest
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!
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.