Index to historic documents

Income Tax

Keywords: Fixed term loans, Hire purchase, Interest - calculation of, Interest - deduction for, Rule of 78, Taxation Ruling No TR 93/16

Short Summary: Application of the "Rule of 78" or other methods in calculating the interest component of installments paid under a fixed term loan or extended credit transaction.

File Reference: BXH 0014 (TR 93/16)

Ruling Type: NO Taxation Ruling

Copy Available: Unedited

Original Office: National Office

Date Entered: 17/08/1993

Date Updated: 07/09/1993

Issue Date: 10/06/1993

Legislative References: 51(1)