Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 110.54

    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