Legislation

ITAA 1997 s 247-10(1)(a) or 247-10(1)(b)

ATO documents that consider ITAA 1997 s 247-10(1)(a) or 247-10(1)(b)

1 document

TD 2012/D10 (Finalised)replacedTD · 2012

Income tax: will interest on a full recourse loan be denied deductibility as a consequence of Division 247 of the Income Tax Assessment Act 1997 where that loan is used to prepay interest on another loan which is a capital protected borrowing?