Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-H - Imported hybrid mismatch  

Operative provisions

SECTION 832-610   Deduction not allowable  

832-610(1)    
This section applies in relation to an *imported hybrid mismatch if, apart from this section, an entity would be entitled to a deduction in an income year in respect of a payment that gives rise to the imported hybrid mismatch.

832-610(2)    
So much of the deduction as does not exceed the amount of the *imported hybrid mismatch is not allowable as a deduction.

Note:

The amount of the imported hybrid mismatch is worked out under section 832-630 .