- This topic has 2 replies, 2 voices, and was last updated 3 years ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Qualifying Interest Payments(QIPs)
Sir my study text mentions that “the purchase of shares in an employee-controlled trading company by a full time employee” is considered as QIP and hence allowed to be deducted as relief from total income.
Can you explain what does this mean?
Preferably by giving an example.
Thanks and much appreciate sir.
It is a rule – a statement of fact. If that specific payment is made then it is an allowable deduction. If you see that statement made in a question then apply that rule.