Document ID: chunk:federal_register_of_legislation:C2010A00136:clause:3_6
Version: federal_register_of_legislation:C2010A00136
Segment Type: clause
Provision Reference: sch 3 cl 6
Character Range: 27001–27546

6  After subsection 230‑15(4)
Insert:
 (4A) A *dividend on a *debt interest is a loss you can deduct to the extent to which it would have been a deductible loss under subsection (2) if:
 (a) the payment of the amount of the dividend were the incurring of a liability to pay the same amount as interest; and
 (b) that interest were incurred in respect of the finance raised by you and in respect of which the dividend was paid or provided; and
 (c) the debt interest retained its character as a debt interest for the purposes of subsection (4).