A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 26 - Some amounts you cannot deduct, or cannot deduct in full    View history reference

Operative provisions  

SECTION 26-80  Financing costs on loans to pay superannuation contribution  

 View history reference [No equivalent]

26-80(1)  

You can only deduct under this Act a *financing cost connected with a contribution you make to a *superannuation plan if you can deduct the contribution under Subdivision 290-B.

26-80(2)  

A financing cost connected with a contribution is expenditure incurred to the extent that it relates to obtaining finance to make the contribution, including:


(a) interest, and payments in the nature of interest; and


(b) expenses of borrowing.
 View history reference


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page