Search results

s.25-25 is a specific deduction. You rely on the drafting more closely, rather than general principles. Particularly, it allows a deduction of capital expenditure under certain conditions. Note the strict interpretation of the drafting under CGT provisions which prevent the costs of...

You better get a pbr. The interpretation is very narrow for s.25-25 ITAA97 " ... to the extent YOU USE THE MONEY for the purpose of producing your assessable income ... " While the money is in a 100% offset account against this debt, it is not earning your assessable income. To rely...