Qualifying interest

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July 18, 2018 at 9:43 am #463690
adarsh1997
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Hello.

“Interest on a loan to purchase shares in an employee-controlled trading company by a full-time
employee”

-The above statement is a qualifying interest.
-Could you explain what does ‘an employee-controlled trading company’ mean?

Thanks.
July 22, 2018 at 9:43 pm #464275
Tax Tutor
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You will not have to explain the term but merely recognise it if that precise form of words is used in a question
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