Difference between revisions of "Interest and Other Financial Costs"
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| + | {{Cost Allowability | ||
| + | |Allowable or Unallowable=Unallowable | ||
| + | |Regulation Source=FAR | ||
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== Interest and Other Financial Costs <ref>31.205-20 (2010)</ref> == | == Interest and Other Financial Costs <ref>31.205-20 (2010)</ref> == | ||
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'''Generally unallowable,''' but interest assessed by state or local taxing authorities may be allowable. See overview | '''Generally unallowable,''' but interest assessed by state or local taxing authorities may be allowable. See overview | ||
== Overview == | == Overview == | ||
| − | Interest on borrowings (however represented), bond discounts, costs of financing and refinancing capital (net worth plus long-term liabilities), legal and professional fees paid in connection with preparing prospectuses, and costs of preparing and issuing stock rights are unallowable (but see 31.205-28). However, interest assessed by State or local taxing authorities under the conditions specified in 31.205-41(a)(3) is allowable. | + | |
| + | '''Interest on borrowings (however represented), bond discounts, costs of financing and refinancing capital (net worth plus long-term liabilities), legal and professional fees paid in connection with preparing prospectuses, and costs of preparing and issuing stock rights are unallowable (but see 31.205-28). However, interest assessed by State or local taxing authorities under the conditions specified in 31.205-41 - Taxes (a)(3) is allowable.''' | ||
==References and Notes== | ==References and Notes== | ||
<References/> | <References/> | ||
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Latest revision as of 10:33, 15 June 2021
Allowable or Unallowable: Unallowable
Source: FAR
Interest and Other Financial Costs [1]
Generally unallowable, but interest assessed by state or local taxing authorities may be allowable. See overview
Overview
Interest on borrowings (however represented), bond discounts, costs of financing and refinancing capital (net worth plus long-term liabilities), legal and professional fees paid in connection with preparing prospectuses, and costs of preparing and issuing stock rights are unallowable (but see 31.205-28). However, interest assessed by State or local taxing authorities under the conditions specified in 31.205-41 - Taxes (a)(3) is allowable.
References and Notes
- ↑ 31.205-20 (2010)
