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Edited version of private advice
Authorisation Number: 1052229605552
Date of advice: 7 March 2024
Ruling
Subject: Income tax - debt equity rules and application of Division 974
The Commissioner was asked a series of questions in relation to the application of subsection 974-15(1), section 974-20 and section 974-80 of the Income Tax Assessment Act 1997, and Division 11A of the Income Tax Assessment Act 1936.
The Commissioner has ruled on each of these questions.