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what is meant by the loan relationship rule

JJean969y ago
could u give me an example of a calculation
TTTax Tutor9y ago#1
It is simply interest receivable less interest payable on non trading loans
JJean969y ago#2
and how should we account for it
TTTax Tutor9y ago#3
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
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