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TD 2005/4 deals with interim measures relating to changes announced in 2003 in respect of the treatment of capital protected borrowings. Specifically it addresses when interest expenses incurred in refinancing a capital protected loan facility are deductible under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997).

Capital protected borrowings are now dealt with by Division 247 of the ITAA 1997.

TD 2005/4 has no ongoing relevance, and is therefore withdrawn without replacement.