Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Qualifying Interest

This topic has 2 replies, 2 voices, and was last updated 2 years ago by Tax Tutor.

Viewing 3 posts - 1 through 3 (of 3 total)

Author
Posts
May 5, 2020 at 7:46 am #569994
Noah098
Member
- Topics: 935
- Replies: 352
Thank you.
May 5, 2020 at 7:49 am #569995
Noah098
Member
- Topics: 935
- Replies: 352
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.
May 5, 2020 at 10:43 am #570014
Tax Tutor
Member
- Topics: 2
- Replies: 3965
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!
Author
Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.