Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

View history reference

 View history note

 Hide history note

History

Chapter 4 inserted by No 162 of 2001.

PART 4-5 - GENERAL  

View history reference

 View history note

 Hide history note

History

Part 4-5 inserted by No 162 of 2001.

Division 820 - Thin capitalisation rules  

View history reference

 View history note

 Hide history note

History

Division 820 inserted by No 162 of 2001.

Subdivision 820-EAA - Debt deduction limitation rules for debt deduction creation (all relevant entities)  

View history reference

 View history note

 Hide history note

History

Subdiv 820-EAA inserted by No 23 of 2024, s 3 and Sch 2 item 76, effective 1 July 2024. For application provisions, see note under s 705-60 .

SECTION 820-423   What this Subdivision is about  

View history reference

This Subdivision sets out debt deduction limitation rules that apply to entities that are dealt with in rules set out in Subdivisions 820-AA , 820-B , 820-C , 820-D or 820-E . These rules deal with:

(a) debt deductions in relation to the acquisition of CGT assets, or legal or equitable obligations, from associate pairs of the acquirer; and

(b) debt deductions in relation to a financial arrangement that is entered into by an entity to fund etc. certain payments or distributions to one or more associate pairs of the entity.

The rules in this Subdivision are applied before the rules set out in Subdivisions 820-AA , 820-B and 820-C . If a debt deduction of an entity is disallowed under this Subdivision, the debt deduction is disregarded for the purpose of applying those other Subdivisions (see section 820-31 ).

 View history note

 Hide history note

History

S 820-423 inserted by No 23 of 2024, s 3 and Sch 2 item 76, effective 1 July 2024. For application provisions, see note under s 705-60 .

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.