Gross interest: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 27/8/13) |
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1. ''Tax.'' | 1. | ||
''Tax.'' | |||
Interest stated before offsetting tax effects, if any. | Interest stated before offsetting tax effects, if any. | ||
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In this context, ''gross interest payable'' means interest payable stated before offsetting any tax relief enjoyed on the interest expense. | In this context, ''gross interest payable'' means interest payable stated before offsetting any tax relief enjoyed on the interest expense. | ||
2. Interest (usually) payable, stated before deducting other interest (usually) receivable in the same period. | |||
2. | |||
Interest (usually) payable, stated before deducting other interest (usually) receivable in the same period. | |||
== See also == | == See also == | ||
* [[Interest]] | * [[Interest]] | ||
* [[Net interest]] | * [[Net interest]] | ||
Revision as of 11:34, 27 August 2013
1.
Tax.
Interest stated before offsetting tax effects, if any.
In this sense, gross interest receivable means interest receivable stated before deducting any tax payable thereon.
In this context, gross interest payable means interest payable stated before offsetting any tax relief enjoyed on the interest expense.
2.
Interest (usually) payable, stated before deducting other interest (usually) receivable in the same period.
