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11. Deductions

Last updated 12 February 2019

A Interest expenses within Australia

Show at A the deductible interest incurred on money borrowed from Australian sources to:

  • acquire income-producing assets
  • finance operations, or
  • meet current expenses.

If the TOFA rules apply to the fund, include 'Interest expenses within Australia' from financial arrangements subject to the TOFA rules at A.

QC48112