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Business Law
Loan interest income ▸ D7/84 O о The taxpayer actively solicited business with a large no. of staff and decided whether to participate in the loan by assessing the credit and country risk Provision of credit is NOT the dominant and only factor in this case "Provision of credit" test is NOT applicable. "Operation test” as laid down in Hong Kong Whampoa Dock Company case shall be applied 76

Loan interest income ▸ D7/84 O о The taxpayer actively solicited business with a large no. of staff and decided whether to participate in the loan by assessing the credit and country risk Provision of credit is NOT the dominant and only factor in this case "Provision of credit" test is NOT applicable. "Operation test” as laid down in Hong Kong Whampoa Dock Company case shall be applied 76

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What is this slide talking about? What is the relationship between the provision test and operational test?

Loan interest income ▸ D7/84 O о The taxpayer actively solicited business with a large no. of staff and decided whether to participate in the loan by assessing the credit and country risk Provision of credit is NOT the dominant and only factor in this case "Provision of credit" test is NOT applicable. "Operation test” as laid down in Hong Kong Whampoa Dock Company case shall be applied 76
Transcribed Image Text:Loan interest income ▸ D7/84 O о The taxpayer actively solicited business with a large no. of staff and decided whether to participate in the loan by assessing the credit and country risk Provision of credit is NOT the dominant and only factor in this case "Provision of credit" test is NOT applicable. "Operation test” as laid down in Hong Kong Whampoa Dock Company case shall be applied 76
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