Show at A the deductible interest incurred on money borrowed from Australian sources to:
- acquire income-producing assets
- finance operations, or
- meet current expenses.
Even if the TOFA rules apply to the fund, show at A all interest incurred on money borrowed from Australian sources. This includes interest from financial arrangements subject to the TOFA rules.
If what you show at A includes an amount brought to account under the TOFA rules, also complete item 16 Taxation of financial arrangements (TOFA).
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