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Can a taxpayer claim a deduction for general interest charge paid during the income year, under paragraph 25-5(1)(c) of the Income Tax Assessment Act 1997 (ITAA 1997)?

Yes, a general interest charge paid during an income year is deductible under paragraph 25-5(1)(c) of the ITAA 1997.

The taxpayer's amended assessment for a previous year includes amounts in respect of a general interest charge.

The amended assessment is paid during the current tax year.

The general interest charge imposed on late payments of taxes and penalties is specifically deductible under paragraph 25-5(1)(c) of the ITAA 1997.