Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 832.50

Relationship between this Division and Division 820

  (1)   In determining for the purposes of this Division whether a payment gives rise to a deduction, and the amount of the deduction, disregard the effect of Division   820 (about thin capitalisation).

  (2)   Nothing in this Division limits Division   820 (about thin capitalisation) in its application to reduce, or further reduce, * debt deductions of an entity.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback