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Chapter 2 Example 17 – Qualifiying Interest

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

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by angelamalta.
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  • March 20, 2016 at 9:33 am #307119
    angelamalta
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    • Topics: 28
    • Replies: 82
    • ☆☆

    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!

    March 20, 2016 at 12:05 pm #307137
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    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

    March 21, 2016 at 9:56 am #307224
    angelamalta
    Member
    • Topics: 28
    • Replies: 82
    • ☆☆

    Thank you again Tax Tutor.

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