Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-G - Deducting hybrid mismatch  

Operative provisions

SECTION 832-530   Deduction not allowable  

832-530(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; and

(b) the deduction is a *deduction component of a *deducting hybrid mismatch.

832-530(2)  
So much of the deduction as does not exceed the *neutralising amount for the *deducting hybrid mismatch is not allowable as a deduction.

Note:

The neutralising amount is worked out under section 832-560 .