Section CH 9 — Income Tax Act 2007: Interest apportionment: excess debt entity

CH 9 Interest apportionment: excess debt entity When this section applies (1) This section applies when an excess debt entity is required under section FE 6 (Apportionment of interest by excess debt entity) to apportion its interest expenditure. Income (2) The amount calculated under section FE 6(2) is treated as income of the excess debt entity for the income year. Defined in this Act: amount , excess debt entity , income , income year , interest Compare: 2004 No 35 s FG 8(1)