Income tax: section 8-1 of the Income Tax Assessment Act 1997: capital protected loan facility with a trading feature: interest deductibility

TD 2005/6 deals with the interim measures relating to changes announced in 2003 in respect of the treatment of capital protected borrowings. Specifically, it explains when interest payable on a capital protected loan facility with a trading feature is 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TD 2005/6 has no ongoing relevance, and is therefore withdrawn without replacement.