Is deferred interest on late acqusisition payment deductible?

Is deferred interest on late acqusisition...

Didn't find your answer?

Looking for some help - even a pointer in right direction.

One group of companies buys another group - structure of acquisition is such that initial payment made and deferred payment due in x years.

Deferred payment is paid but is paid late and as such interest payment is due to sellers.

Is the interest a deductible/allowable non-trading loan relationship debit?

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.