If loan interest receive for a amount like £4300 n loan made for non trading purpose, will it b counted as trading profit?
Ask the Tutor ACCA TX-UK
Trading profit
I presume you are asking about corporation tax? - but you are also confusing interest receivable and interest payable!
Interest receivable in the F6 exam will always be shown as Interest income whereas interest payable will be a trading deduction if on a trading loan and will be a deduction from interest receivable if on a non trading loan
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