Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

SECTION 820-10   820-10   Map of Division  


The following table sets out a map of this Division.


[ Table: Map of Division]
[ Table: Map of Division]
Map of Division
Item This Subdivision: sets out:
1 Subdivision 820-B or 820-C (a) the meaning of maximum allowable debt for the Subdivision; and
(b) how an entity covered by the Subdivision would have all or a part of its debt deductions disallowed if the maximum allowable debt is exceeded; and
(c) the application of these rules in relation to a part of an income year.
2 Subdivision 820-D or 820-E (a) the meaning of minimum capital amount for the Subdivision; and
(b) how an entity covered by the Subdivision would have all or a part of its debt deductions disallowed if the minimum capital amount is not reached; and
(c) the application of these rules in relation to a part of an income year.
3 (Repealed by No 101 of 2006 )
3A Subdivision 820-FA how this Division applies to a consolidated group or MEC group.
3B Subdivision 820-FB special rules for grouping foreign bank branches with a consolidated group, MEC group or single Australian resident company.
4 Subdivision 820-G the methods of calculating the average value of a matter for the purposes of this Division.
5 Subdivision 820-H the rules for determining:
(a) whether or not an Australian entity controls a foreign entity (for the purposes of determining whether or not Subdivision 820-B or 820-D applies to that Australian entity); and
(b) whether or not an Australian entity is controlled by a foreign entity (for the purposes of determining whether or not Subdivision 820-C applies to that Australian entity).
5A Subdivision 820-HA the meaning of controlled foreign entity debt and controlled foreign entity equity for the purposes of this Division.
6 Subdivision 820-I the meaning of various concepts about associate entity for the purposes of this Division.
7 Subdivision 820-J the meaning of equity interests in trusts and partnerships for the purposes of this Division.
7A Subdivision 820-JA worldwide debt and equity concepts.
8 Subdivision 820-K the meaning of zero-capital amount for the purposes of this Division.
8A Subdivision 820-KA the meaning of cost-free debt capital, and excluded equity interest, for the purposes of this Division.
9 Subdivision 820-L special record keeping requirements for the purposes of this Division.


 

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