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 .


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