Income Tax Assessment Act 1997
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View history noteChapter 4 inserted by No 162 of 2001.
Part 4-5 inserted by No 162 of 2001.
Div 832 inserted by No 84 of 2018, s 3 and Sch 1 item 1, effective 1 October 2018.
Subdiv 832-H inserted by No 84 of 2018, s 3 and Sch 1 item 1, effective 1 October 2018 and applicable to assessments for income years starting on or after 1 January 2019 with some exceptions (see s 832-15 of the Income Tax (Transitional Provisions) Act 1997 ).
SECTION 832-610 Deduction not allowable 832-610(1)
This section applies in relation to an *imported hybrid mismatch if, apart from this section, an entity would be entitled to a deduction in an income year in respect of a payment that gives rise to the imported hybrid mismatch.
832-610(2)
So much of the deduction as does not exceed the amount of the *imported hybrid mismatch is not allowable as a deduction.
Note:
The amount of the imported hybrid mismatch is worked out under section 832-630 .
S 832-610 inserted by No 84 of 2018, s 3 and Sch 1 item 1, effective 1 October 2018.
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