On 1 January 2021, a company receives gross debenture interest of 1,600 from another UK company and
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On 1 January 2021, a company receives gross debenture interest of £1,600 from another UK company and pays net debenture interest of £8,640 to individuals. Explain the corporation tax treatment of each of these items.
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Assuming that the debentures on which the company is receiving interest were acquired for ...View the full answer
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