Treasury Laws Amendment (Housing Tax Integrity) Act 2017 (126 of 2017)
Schedule 1 Travel related to use of residential premises
Income Tax Assessment Act 1997
4 After subsection 110-55(9H)
Insert:
(9J) Expenditure does not form part of the reduced cost base to the extent that section 26-31 prevents it being deducted.
Note: Section 26-31 denies deductions for travel related to the use of residential premises as residential accommodation.
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