Taxation Determination TD 93/1







This Determination, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 , is a public ruling for the purposes of that Part. Taxation Ruling TR 92/1 explains when a Determination is a public ruling and how it is binding on the Commissioner. Unless otherwise stated, this Determination applies to years commencing both before and after its date of issue. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20). | 1. No. As such costs are incurred in obtaining a loan or other finance, they are not :- | Commissioner of Taxation 21/1/93 | Previously issued as Draft TD 92/D224


Legislative references: ITAA 160ZH(1)(a); ITAA 160ZH(1)(ba); ITAA 160ZH(5); ITAA 160ZH(6A); ITAA 67
Subject references: costs of obtaining a loan; cost base; incidental costs; acquisition of an asset; non-capital costs; interest