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INCOME TAX ASSESSMENT ACT 1997 - SECT 820.10

Map of Division

    The following table sets out a map of this Division.

 

Map of Division

Item

This Subdivision:

sets out:

1

Subdivision   820 - B or 820 - C

(a) the meaning of maximum allowable debt for the Subdivision; and

(b) how an entity covered by the Subdivision would have all or a part of its debt deductions disallowed if the maximum allowable debt is exceeded; and

(c) the application of these rules in relation to a part of an income year.

2

Subdivision   820 - D or 820 - E

(a) the meaning of minimum capital amount for the Subdivision; and

(b) how an entity covered by the Subdivision would have all or a part of its debt deductions disallowed if the minimum capital amount is not reached; and

(c) the application of these rules in relation to a part of an income year.

3A

Subdivision   820 - FA

how this Division applies to a consolidated group or MEC group.

3B

Subdivision   820 - FB

special rules for grouping foreign bank branches with a consolidated group, MEC group or single Australian resident company.

4

Subdivision   820 - G

the methods of calculating the average value of a matter for the purposes of this Division.

5

Subdivision   820 - H

the rules for determining:

(a) whether or not an Australian entity controls a foreign entity (for the purposes of determining whether or not Subdivision   820 - B or 820 - D applies to that Australian entity); and

(b) whether or not an Australian entity is controlled by a foreign entity (for the purposes of determining whether or not Subdivision   820 - C applies to that Australian entity).

5A

Subdivision   820 - HA

the meaning of controlled foreign entity debt and controlled foreign entity equity for the purposes of this Division.

6

Subdivision   820 - I

the meaning of various concepts about associate entity for the purposes of this Division.

7

Subdivision   820 - J

the meaning of equity interests in trusts and partnerships for the purposes of this Division.

7A

Subdivision   820 - JA

worldwide debt and equity concepts.

8

Subdivision   820 - K

the meaning of zero - capital amount for the purposes of this Division.

8A

Subdivision   820 - KA

the meaning of cost - free debt capital, and excluded equity interest, for the purposes of this Division.

9

Subdivision   820 - L

special record keeping requirements for the purposes of this Division.

Table of sections

820 - 30   Object of Division

820 - 32   Exemption for private or domestic assets and non - debt liabilities

820 - 35   Application--$2 million threshold

820 - 37   Application--assets threshold

820 - 39   Exemption of certain special purpose entities

820 - 40   Meaning of debt deduction


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