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> Is interest received an asset?
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Is interest received an asset?
Is interest received an asset?
Posted at:
2014-12-05
Interest, in the form of cash, would by definition be an "Asset".
It would be cash. Cash is an asset
It would be revenue also.
Depends.
And it could be liable for capital gains tax - which means inland revenue will want most of it plus FEE's.
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