11. Deductions

A Interest expenses within Australia

Show at A the deductible interest incurred on money borrowed from Australian sources to:

  • acquire income-producing assets
  • finance operations, or
  • meet current expenses.

If the TOFA rules apply to the fund, include 'Interest expenses within Australia' from financial arrangements subject to the TOFA rules at A.

Last modified: 15 Jul 2016QC 48112