INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-F - Thin capitalisation rules for resident TC groups  

How this Division applies to a resident TC group

SECTION 820-560 (ARCHIVE)   Application of Subdivisions 820-B and 820-C to group  

820-560(1)    
This section has effect for the purposes of:

(a) applying Subdivision 820-B to a *resident TC group that is an *outward investor (financial) for an income year; or

(b) applying Subdivision 820-C to a *resident TC group that is an *inward investment vehicle (financial) for an income year.

820-560(2)    
An *on-lent amount, or *zero-capital amount, of an entity in the group is to be taken into account only if the entity is a *financial entity throughout the income year.