Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-180 Deduction not allowable - Australian primary response 832-180(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 in respect of a payment; and
(b) the deduction is the *deduction component of a *hybrid financial instrument mismatch to which the payment gives rise.
832-180(2)
So much of the deduction as does not exceed the amount of the *hybrid financial instrument mismatch is not allowable as a deduction.
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