Borrowed money for capital introduced. | AccountingWEB

Borrowed money for capital introduced.

Quick question, if client borrows 100k to purchase a business from a family friend can he get any tax relief or of set that of the profits of shop?

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Quick answer

petersaxton |
petersaxton's picture

I see but....

Hardeep23 |

Speed and length

petersaxton |
petersaxton's picture

I too .....

BKD |

Why?

petersaxton |
petersaxton's picture

Because ....

BKD |

Quick, long and longer

petersaxton |
petersaxton's picture

Bloomsbury Professional

petersaxton |
petersaxton's picture

In which case your answer ought to have been

BKD |

It depends?

petersaxton |
petersaxton's picture

Someone got out of bed too early this morning

BKD |

Help them who wont help themselves?

petersaxton |
petersaxton's picture

Missing the point(s)

BKD |

We seem to agree on most things

petersaxton |
petersaxton's picture

Nope

BKD |

Thank you.

Hardeep23 |