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  • Question 25 Debt deductions in earning non-assessable non-exempt foreign income



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    This question requires you to show the amount of debt deductions you claimed under section 25-90 and the amount of loss you made from financial arrangements you have claimed under subsection 230-15(3) of ITAA 1997 in 2020–21.

    To complete this question, ascertain the total amount of debt deductions you have claimed under section 25-90 or the total amount of the losses you made from financial arrangements you have claimed under subsection 230-15(3).

    You must complete B item 25 even if you have not claimed debt deductions or a loss from financial arrangements under section 25-90 or subsection 230-15(3).

    At B item 25, write the total amount of your debt deductions or loss from financial arrangements claimed under section 25-90 or subsection 230-15(3), respectively, of the ITAA 1997 (costs in relation to a debt interest or losses from a financial arrangement in deriving non-assessable non-exempt income under section 23AI, or 23AK of the ITAA 1936, or subdivision 768-A of ITAA 1997).

    If you did not claim any debt deductions under section 25-90 or any loss from a financial arrangement under subsection 230-15(3), write zero at B.

    Last modified: 08 Feb 2022QC 64900