Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-540 When a deducting hybrid mismatch is an offshore hybrid mismatch 832-540(1)
A *deducting hybrid mismatch is an offshore hybrid mismatch if:
(a) the only *deduction components of the mismatch are *foreign income tax deductions; and
(b) the mismatch is not covered by *foreign hybrid mismatch rules that correspond to this Subdivision, or by a law that has substantially the same effect as foreign hybrid mismatch rules that correspond to this Subdivision, in any country in which a foreign income tax deduction arose.
Note:
An offshore hybrid mismatch might give rise to an imported hybrid mismatch: see Subdivision 832-H .
832-540(2)
The amount of the *offshore hybrid mismatch is the *neutralising amount for the *deducting hybrid mismatch.
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.
