Net debit cap and Non-trading deficit: Difference between pages
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''UK tax.'' | |||
For UK tax purposes, non-trading deficits include all debits arising from non-trading loan relationships. | |||
Debits include all expenses, costs and losses, for example interest payable. | |||
A non-trading deficit is where a company incurs net debits arising on non-trading loans. | |||
Non-trading deficits may be offset against total taxable profits for the year. | |||
==See also== | |||
* [[Loan relationship]] | |||
* [[Loan relationship income]] | |||
* [[Non-trade]] | |||
* [[Non-trading debit]] | |||
* [[Non-trading loan]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 11:01, 18 October 2014
UK tax.
For UK tax purposes, non-trading deficits include all debits arising from non-trading loan relationships.
Debits include all expenses, costs and losses, for example interest payable.
A non-trading deficit is where a company incurs net debits arising on non-trading loans.
Non-trading deficits may be offset against total taxable profits for the year.
