Private ruling: Deductibility of interest
Date of advice: 18 February 2021
Published: April 2021


Relevant facts and circumstances: The taxpayer applied for a private ruling on the application of section 8-1, Division 230 and section 974-20 of the Income Tax Assessment Act 1997 . A ruling was issued in respect of the relevant provisions.

Relevant legislative provisions: Income Tax Assessment Act 1997 Section 8-1 | Income Tax Assessment Act 1997 Subsection 230-55(4) | Income Tax Assessment Act 1997 Section 974-20