Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-E - Reverse hybrid mismatch  

Operative provisions

SECTION 832-395   When a payment gives rise to a reverse hybrid mismatch  

832-395(1)    
A payment gives rise to a reverse hybrid mismatch if:

(a) the payment gives rise to a * hybrid mismatch under section 832-400 ; and

(b) subsection (3) or (4) applies.

832-395(2)    
The deduction component of the * reverse hybrid mismatch is the * deduction component of the * deduction / non-inclusion mismatch mentioned in section 832-400 .

Control group

832-395(3)    
This subsection applies if the following entities are in the same * Division 832 control group:

(a) the entity that made the payment;

(b) the * reverse hybrid;

(c) each entity that is an investor identified in paragraph 832-410(2)(c) in relation to the reverse hybrid.

Note:

For the meaning of Division 832 control group , see section 832-205 .

Structured arrangement

832-395(4)    
This subsection applies if the payment is made under a * structured arrangement.

Note:

For the meaning of structured arrangement , see section 832-210 .