n Professional Accountant - Unproductive interest : the tax professional

Volume 2009 Number 1
  • ISSN : 1680-7537


There is no real definition in the income tax of unproductive interest. For tax purposes a certain amount of the interest you pay in the production of income results in a valid tax deduction e.g. interest paid on bond repayments for a property that is let for business purposes. Any interest paid for private or nonbusiness activities is regarded as unproductive interest.

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