Product Ruling

PR 2015/2A1 - Addendum

Income tax: tax consequences for a borrower being charged a discounted home loan interest rate calculated under Loan Reducer

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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Product Ruling PR 2015/2 to reflect an amendment made to the Loan Reducer system.

PR 2015/2 is amended as follows:

1. Subparagraph 19(g) is amended as follows:

Omit 'equal to 3.50%'.

This Addendum applies on and from 25 March 2015.

Commissioner of Taxation
13 January 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 1-7KER5AE