business tax unit 18

hi, i've just started on business tax, and i've already having problem with trading profit.
why interest received should deduct from income but interest payable are not add back to expenditure??


  • Bluewednesday
    Bluewednesday Registered Posts: 1,624
    Interest recieved is not a trading item and is therefore taxed separately.

    Interest payable is usually relating to the business and is therefore allowable.
  • meibaker
    meibaker Registered Posts: 481
    thank you!
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