Page 46 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
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S 24J – Only applicable to instruments:






                                                                                                                               Receives
                                                       Pays
                                                                                                                                interest
                                                     interest
                          Issuer                                                                     Holder








                         Instrument =                                                      Income instrument =

                   Any interest-bearing                                          • Co: any instrument
                         arrangement                                             • Person other than company

                                                                                        • Instrument with term > 12

                                                                                           months; and
           • Loan, advance of debt (secured
                                                                                        • Issued at
                              or not)                                                      discount/premium/

                          • Debenture
                                                                                           deferred interest
                       • Deposit at bank







                           Leases excluded
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