Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-610 Deduction not allowable 832-610(1)
This section applies in relation to an *imported hybrid mismatch if, apart from this section, an entity would be entitled to a deduction in an income year in respect of a payment that gives rise to the imported hybrid mismatch.
832-610(2)
So much of the deduction as does not exceed the amount of the *imported hybrid mismatch is not allowable as a deduction.
Note:
The amount of the imported hybrid mismatch is worked out under section 832-630 .
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