Treasury Laws Amendment (Housing Tax Integrity) Act 2017 (126 of 2017)
Schedule 1 Travel related to use of residential premises
Income Tax Assessment Act 1997
3 After subsection 110-38(4)
Insert:
(4A) Expenditure does not form part of any element of the cost base to the extent that section 26-31 prevents it being deducted.
Note: Section 26-31 denies deductions for travel related to the use of residential premises as residential accommodation.
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