Going out on a second limb - An analysis of the deductibility of interest by recognising a distinction between positive limbs of S51(1)
Date
1995
Authors
Burford, Karen R.
Editors
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Journal article
Citation
Revenue Law Journal, 1995; 5(1):100-140
Statement of Responsibility
Karen Burford
Conference Name
Abstract
A Taxation Ruling and various cases have recently created debate on the topic of the deductibility of interest. It is submitted in this article that recognising a distinction between non business and business taxpayers as indicated by the two positive limbs of s 51(1) would clarify the determination of whether interest is deductible.