ato logo
Search Suggestion:

A Interest expenses within Australia

Last updated 12 February 2019

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).

See also:

Guide to the taxation of financial arrangements (TOFA)

QC22855