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Interest rates are an expression of the time value of money. The article discusses the elements involved in calculating rates in two categories of interest. The first category is interest as the return the lender requires for the use of money advanced in secured or unsecured transactions. The...
Persistent link: https://www.econbiz.de/10013031624
The deductibility of interest was previously governed by s 112(g) of the Land and Income Tax Act 1954, which provided that no deduction could be made in respect of interest, except so far as it was payable on capital employed in the production of assessable income (cf. section DA1 of the Income...
Persistent link: https://www.econbiz.de/10014168795