Annual interest: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update to UK Tax annual interest, tax rule no longer in force.) |
imported>Doug Williamson (Re-order definitions.) |
||
| (4 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
1. ''UK | 1. ''Interest payable.'' | ||
Interest paid once per year. | |||
2. ''Interest total.'' | |||
The total amount of interest per year, including situations where the interest is paid with a different frequency than once per year. | |||
3. ''UK tax - historic.'' | |||
Interest which was not short interest for UK tax purposes. | Interest which was not short interest for UK tax purposes. | ||
Among other criteria, the loan to which the interest relates had to be able to last more than one year. | Among other criteria, the loan to which the interest relates had to be able to last more than one year. | ||
This UK tax distinction was abolished with effect from 2006. | |||
== See also == | == See also == | ||
* [[Interest]] | |||
* [[Short interest]] | * [[Short interest]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 20:23, 26 March 2021
1. Interest payable.
Interest paid once per year.
2. Interest total.
The total amount of interest per year, including situations where the interest is paid with a different frequency than once per year.
3. UK tax - historic.
Interest which was not short interest for UK tax purposes. Among other criteria, the loan to which the interest relates had to be able to last more than one year.
This UK tax distinction was abolished with effect from 2006.
