Gross interest: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Layout.) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
1. ''Tax.'' | 1. ''Tax.'' | ||
Interest stated before offsetting tax effects, if any. | Interest stated before offsetting tax effects, if any. | ||
| Line 6: | Line 7: | ||
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]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 20:58, 29 April 2022
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.
