The deductibility of interest for tax purposes
(ACC110TEP)

This article addresses the question of the deductibility of interest expenditure and particularly whether there are circumstances in which interest expenditure could be considered to be of a capital nature.  

Educational Aim:

The aim of this article is to provide an overview of;

  1. The definitions of the potential capital vs revenue nature of interest.
  2. When interest can be deducted.

Educational Objectives:

Upon completion of this module, learners should;

  1. Have a clear understanding of the definitions of the potential capital vs revenue nature of interest.
  2. Have a clear understanding of when interest can be deducted.