20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

what is meant by the loan relationship rule

This topic has 3 replies, 2 voices, and was last updated 8 years ago by Tax Tutor.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
March 6, 2017 at 2:32 pm #375971
Jean96
Member
- Topics: 77
- Replies: 67
could u give me an example of a calculation
March 8, 2017 at 9:31 am #376511
Tax Tutor
Member
- Topics: 2
- Replies: 3965
It is simply interest receivable less interest payable on non trading loans
March 8, 2017 at 12:51 pm #376575
Jean96
Member
- Topics: 77
- Replies: 67
and how should we account for it
March 9, 2017 at 8:15 am #376968
Tax Tutor
Member
- Topics: 2
- Replies: 3965
Interest payable on non trading loans is deducted from interest receivable to determine the interest income assessment for the company whereas interest payable on trading loans is a deduction in deriving trading income
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.