• 11. Deductions

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    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