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Property business interest cost

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  • May 16, 2020 at 4:03 pm
    Property business interest cost 2
    jean989
    Participant

    Dear Sir,

    Will we be assessed on 2020/21 finance act in property income for year 2020 exams ?

    i know that we are assess 25% of interest against income tax and 75%*brb against income tax liability

    but what are the rules for 2020/21?

    May 20, 2020 at 9:23 am
    Property business interest cost 3
    Tax Tutor
    Keymaster

    No – you will be examined on FA 2019 as per the study notes – and you simply need to learn the content of those notes on this issue and indeed every other issue

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