INCOME TAX ASSESSMENT ACT 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-A - Preliminary  

SECTION 820-32   820-32   Exemption for private or domestic assets and non-debt liabilities  


This Division does not apply to:


(a) an asset that is used (or held for use) wholly or principally for private or domestic purposes; or


(b) a *non-debt liability that is wholly or principally of a private or domestic nature.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.