Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)
Schedule 1 Thin capitalisation
Part 1 Amendments
Income Tax Assessment Act 1997
8 Subsection 820-85(3) (step 5 of the method statement)
Repeal the step, substitute:
Step 5. Add to the result of step 4 the average value, for the relevant year, of the *cost-free debt capital of the entity. The result of this step is the adjusted average debt .
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
