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Deductible Interest in computation individual incom tax

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.

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January 25, 2018 at 6:57 pm #432996
foque
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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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The answers to both of these questions are clearly available within chapter 2 of your OT notes!
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