Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-D - Hybrid payer mismatch  

Operative provisions

SECTION 832-285   Deduction not allowable - Australian primary response  

832-285(1)  
This section applies to an entity if:


(a) apart from this section, the entity would be entitled to a deduction in an income year in respect of a payment; and


(b) the deduction is the *deduction component of a *hybrid payer mismatch to which the payment gives rise.

832-285(2)  
So much of the deduction as does not exceed the *neutralising amount for the *hybrid payer mismatch is not allowable as a deduction.

Note:

The neutralising amount is worked out under section 832-330 .


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