Income Tax Assessment Act 1997
View history note
Hide history noteFirst, work out if a *debt deduction of an entity for an income year is disallowed under Subdivision 820-EAA (debt deduction limitation rules for debt deduction creation).
820-31(2)
To the extent that all or part of a debt deduction is disallowed under that Subdivision, disregard the debt deduction in applying the following provisions in relation to the entity for the income year: (a) Subdivision 820-AA ; (b) Subdivision 820-B ; (c) Subdivision 820-C .
Note:
The provisions mentioned in paragraphs (2)(a) to (c) may further disallow debt deductions of the entity.
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