Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-E - Reverse hybrid mismatch  

Operative provisions

SECTION 832-390   When a reverse hybrid mismatch is an offshore hybrid mismatch  

832-390(1)    
A * reverse hybrid mismatch is an offshore hybrid mismatch if:

(a) the * deduction component of the mismatch is a * foreign income tax deduction; and

(b) the country in which the foreign income tax deduction arose does not have * foreign hybrid mismatch rules that correspond to this Subdivision.

Note:

An offshore hybrid mismatch might give rise to an imported hybrid mismatch: see Subdivision 832-H .

832-390(2)    
The amount of the * offshore hybrid mismatch is the amount of the * reverse hybrid mismatch.