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INCOME TAX ASSESSMENT ACT 1997 - SECT 110.54

Debt deductions disallowed by thin capitalisation rules

    Expenditure does not form part of the third element of the cost base to the extent that Division   820 (Thin capitalisation rules) prevented or prevents you, or a partnership in which you are or were a partner, from deducting it.

Table of sections

110 - 55   General rules about reduced cost base

110 - 60   Reduced cost base for partnership assets


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