Recharacterisation of certain transactions - Interest apportionment for conduit investment
FF 5: Determination of excess amount of interest expenditure of group
You could also call this:
“How to calculate if a group spent too much on interest (no longer applies)”
This part of the law used to explain how to figure out if a group had too much interest expense. It was part of the rules about how certain transactions are treated for tax purposes in the Income Tax Act 2007. However, this section doesn’t apply anymore. It was removed from the law on 30 June 2009. If you need to know about current rules for interest expenses, you should look at other parts of the tax law that are still in effect.
Section FF 5: repealed (with effect on 30 June 2009), on , by section 228(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
