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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Qualifying Interest
Thank you.
Under Reliefs, only QIPs incurred against “Purchase of shares in an employee-controlled trading company by a full-time employee” is allowed.
Sir I do not understand this statement mentioned in our Study kit. Can you elaborate on this by giving an example.
Thank you.
Like the qualifying interest payments (QIP) listed in the study notes it is just another example of a QIP – you simply need to recognise it as such and respond accordingly if you see that example in an exam question!