CX 46: Repayment of loans made from reinvestment profit
You could also call this:
“Outdated rule about repaying loans from reinvestment profit no longer applies”
This part of the law used to talk about paying back loans made from reinvestment profit. However, it’s no longer part of the law. On 1 April 2014, this section was removed from the Income Tax Act 2007. This means you don’t need to worry about this rule anymore because it doesn’t apply now.
