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Transcribed Image Text:Loan interest income
▸ D7/84
The sequence in determining the taxability of interest
income of an Fl:
.
Consider s.14(1) first
If not chargeable under s.14(1), then consider s.15(1)(i)
Interpretation on s.15(1)(i):
(a) if the place where the funds are made available is a factor in
determining source under s.14; and
(b) if under s.14 it is decided that the interest is not subject to
Hong Kong tax
Then the matter must be viewed again under s.15(1)(i) but this
time the place where the funds were provided is to be
disregarded as a factor in determining the source of the interest
77
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