Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-H - Imported hybrid mismatch  

Operative provisions

SECTION 832-620   Hybrid mismatch  

832-620(1)  
A payment gives rise to a hybrid mismatch if the payment is an *importing payment in relation to an *offshore hybrid mismatch.

Note:

For the meaning of offshore hybrid mismatch see sections 832-195 , 832-300 , 832-390 , 832-465 , and 832-540 .

Ordering rule

832-620(2)  
A payment does not give rise to a hybrid mismatch under this section if it gives rise to a *hybrid financial instrument mismatch, a *hybrid payer mismatch, a *reverse hybrid mismatch, a *branch hybrid mismatch or a *deducting hybrid mismatch.

Note:

However, for an imported hybrid mismatch to arise, a different payment must have given rise to an offshore hybrid mismatch that is of one of these kinds.


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