11. Deductions



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

End of attention

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
  • 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.

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).

Find out more

See the Guide to the taxation of financial arrangements (TOFA) rules.

End of find out more
Last modified: 05 Nov 2014QC 40267