Taxation Laws Amendment (Self Assessment) Act 1992 (101 of 1992)
PART 3 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
16 Losses and outgoings
Section 51 of the Principal Act is amended by omitting subsection (5) and substituting the following subsection:
"(5) Expenditure incurred in the year of income that consists of interest under section 170AA or 207A is an allowable deduction.".
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