Gross interest

From ACT Wiki
Revision as of 11:34, 27 August 2013 by imported>Doug Williamson (Spacing 27/8/13)
Jump to navigationJump to search

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.


See also