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INCOME TAX ASSESSMENT ACT 1997 - SECT 27.5 Input tax credits and decreasing adjustments

INCOME TAX ASSESSMENT ACT 1997 - SECT 27.5

Input tax credits and decreasing adjustments

    You cannot deduct under this Act a loss or outgoing you incur, to the extent that the loss or outgoing includes an amount relating to an * input tax credit to which you are entitled or a * decreasing adjustment that you have.