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Income tax: infrastructure borrowings: is a rebate in accordance with section 159GZZZZG available where interest from infrastructure lending is exempt under section 159GZZZZE and is partially exempt under another provision?

Notice of Withdrawal

TD 95/59 explains that where interest from infrastructure lending is exempt under section 159GZZZZE of the Income Tax Assessment Act 1936 (ITAA 1936) and is partially exempt under another provision, a rebate in accordance with section 159GZZZZG is available in relation to the interest which is included in assessable income.

TD 95/59 deals with the former infrastructure borrowing provisions in Division 16L of Part III of the ITAA1936, which were repealed by the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997.

TD 95/59 has no ongoing relevance and is therefore withdrawn without replacement.

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