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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › PROPERTY INCOME
Can a loan be an income under the income tax
Not sure why you have titled this question “Property Income” – and a loan is a capital item not income!
If however an individual taxpayer lends money then interest will be charged on that loan and the interest income will of course be included in the income tax computation as shown in Chapter 2
