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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, 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.
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).
Last modified: 21 Aug 2015QC 44343