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Deductible Interest in computation individual incom tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Deductible Interest in computation individual incom tax

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  • January 25, 2018 at 6:57 pm #432996
    foque
    Member
    • Topics: 5
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    • ☆

    Hi,
    Hope so having a good day there.I want to know either following statement highlighting qualifying interest as deductible or not?

    Shazia paid interest of £3,000 on a loan to contribute capital into a partnership of which she is a partner.

    And please write down Adjusted Net Income ( ANI ) formula seperately.
    Thanks in Advance.

    January 26, 2018 at 4:57 pm #433213
    Tax Tutor
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    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The answers to both of these questions are clearly available within chapter 2 of your OT notes!

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