Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1936 - SECT 109P

Amalgamated loans not treated as dividends in the year they are made

    A private company is not taken under section   109D to pay a dividend because of an amalgamated loan it makes.

Note:   A shortfall in a minimum yearly repayment of an amalgamated loan may be treated as a dividend under section   109E.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback