Notional Interest means any interest which that person might reasonably have been expected to have been liable to pay had the sums expended been borrowed at arm’s length; andNotional Interest Rate means a rate of interest equal to the greatest of (i) the interest rate of six percent ( ) per annum and (ii) the aggregate per annum rate equal to the Treasury Rate plus two and one-half percent ( ) and the actual rate of interest accruing on the Loans as of the Determination Date taking into account any interest rate risk management agreement that exists).20/06/2018 · Notional interest expense. The Notional Interest Deduction scheme needs to be closely monitored to prevent any misuse for aggressive tax planning. The account attracts a notional interest rate reflecting average income growth. That sum corresponds to notional interest …equity by means of a notional interest deduction (‘NID’). The NID is calculated as follows: New Equity x NID rate (capped at 80% of taxable income) The Circular provides guidance on the definition of relevant terms and sets out practical numerical examples for the application of NID. New Equity As per the legislation, the NIDNotional Interest Rate definition - Law InsiderNotional Interest Deduction - PwCNotional Value - Definition, Uses in Swaps and Equity Optionsnotional interest - English definition, grammar, pronunciation

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