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2 March, 09:52

Tom loans $11,000 to his daughter tina. why would interest not be imputed on this loan

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  1. 2 March, 11:24
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    Interest would not be imputed on this loan because the loan came from his Tom’s daughter. He would not be expecting to have interest for the amount he borrowed from his daughter because they have a father - daughter relationship. Interest would only be imputed if the amount borrowed by Tom would be used in his business which would be a separate juridical entity.
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