Non-trade income
You'll learn how to classify interest income and expense as either trade or non-trade for tax purposes—a crucial distinction that affects how you calculate taxable profit. This video shows you the key test: ask whether the interest relates to running your business or represents an investment.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Introduction to non-trade income
- 0:20 Distinguishing trade and non-trade interest
- 0:37 Netting non-trade interest receivable and payable
- 1:08 Key rule: negative non-trade interest figures
- 1:31 Practical examples of trade vs non-trade
About this lesson
You'll work through practical examples covering loans for trading assets, deposits, subsidiaries, and working capital, so you can confidently adjust your figures correctly in exam scenarios.
Duration: 2m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Advanced Taxation course
All 365 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in