Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (15 of 2009)
Schedule 1 Amendments
Part 2 Consequential amendments
Income Tax Assessment Act 1997
83 After paragraph 396-30(1)(b)
Insert:
; or (c) an amount allowable as a deduction to the borrower under Division 230, to the extent that, if that Division did not apply, the amount would be allowable as a deduction to the borrower in the circumstances mentioned in paragraph (b).
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