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To qualify for deduction under section 8-1 of the ITAA 1997, a loss or outgoing must have been 'incurred'. Taxation Ruling TR 97/7 explains the meaning of 'incurred'. Paragraph 5 states, as a broad guide, that 'you incur an outgoing at the time you owe a present money debt that you cannot...

Stamp duty in SA on redemption of units & CGT event E4 Hi all, It seems a while since this thread was active but it seems the right spot for my question. Chris, have you dealt with the stamp duty implications for redemption of speical units in South Australia? From my initial research...