Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-285 Deduction not allowable - Australian primary response 832-285(1)
This section applies to an entity if:
(a) apart from this section, the entity would be entitled to a deduction in an income year in respect of a payment; and
(b) the deduction is the *deduction component of a *hybrid payer mismatch to which the payment gives rise.
832-285(2)
So much of the deduction as does not exceed the *neutralising amount for the *hybrid payer mismatch is not allowable as a deduction.
Note:
The neutralising amount is worked out under section 832-330 .
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