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PROPERTY INCOME

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › PROPERTY INCOME

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarTax Tutor.
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  • January 21, 2020 at 10:31 am #559373
    Avatarcindy7
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    • Topics: 77
    • Replies: 33
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    Can a loan be an income under the income tax

    January 28, 2020 at 10:08 am #560037
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    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

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