Commentary

E1.411A Valuation of interest paid in kind

Personal and employment tax

E1.411A Valuation of interest paid in kind

E1.411A Valuation of interest paid in kind

Special valuation rules apply where interest is paid in the form of goods or services, or in the form of a voucher1.

Where interest is paid in the form of goods or services, the value is the market value of those goods or services as at the time of payment2.

Where payment is in the form of a voucher, the value is the greater of3:

  1.  

    •     the face value of the voucher

  2.  

    •     the amount of money for which the voucher may be exchanged

  3.  

    •     the market value, at the time of

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