INCOME TAX ASSESSMENT ACT 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-C - Thin capitalisation rules for inward investing entities (non-ADI)  

SECTION 820-180   What this Subdivision is about  


This Subdivision sets out the thin capitalisation rules that apply to a foreign entity or a foreign controlled Australian entity that is not an authorised deposit-taking institution (an ADI ). These rules deal with the following matters:

  • · how to work out the entity ' s maximum allowable debt for an income year;
  • · how all or a part of the debt deductions claimed by the entity may be disallowed if the maximum allowable debt is exceeded;
  • · how to apply these rules to a period that is less than an income year.

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