Recharacterisation of certain transactions - Interest apportionment for conduit investment
FF 2: When interest apportionment rule applies
You could also call this:
“This rule about dividing up interest no longer exists”
This section of the law has been removed. It used to be about when the interest apportionment rule applies, but it no longer exists in the current version of the Income Tax Act 2007. The government took it out of the law on 30 June 2009. If you need to know about interest apportionment rules, you might need to look at other parts of the law or ask a grown-up who knows about taxes.
Section FF 2: repealed (with effect on 30 June 2009), on , by section 228(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
