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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 16553
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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Should we include the the interest not paid on the BBL in

Customer Question

Should we include the the interest not paid on the BBL in the first year as a grant received and is it taxable?
JA: Have you talked to a tax professional about this?
Customer: No.
JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
Customer: No, thank you
Submitted: 19 days ago.
Category: Tax
Customer: replied 19 days ago.
don't worry, I have found the answer, thank you. Grant received, interest paid, net effect on profit = Nil.
Expert:  Sam replied 19 days ago.

Hi

Thast correct glad you got sorted !
Thanks

Sam

Customer: replied 19 days ago.
Thank you too. x
Expert:  Sam replied 19 days ago.

No problem

Thanks

Sam