#### 25‑90 Deduction relating to foreign non‑assessable non‑exempt income An \*Australian entity can deduct an amount of loss or outgoing from its assessable income for an income year if: (a) the amount is incurred by the entity in deriving income from a foreign source; and (b) the income is \*non‑assessable non‑exempt income under section 768‑5, or section 23AI or 23AK of the Income Tax Assessment Act 1936; and (c) the amount is a cost in relation to a \*debt interest issued by the entity that is covered by paragraph (1)(a) of the definition of debt deduction. > Note: This section does not apply to a Division 230 financial arrangement.

Previous section25‑85 Certain returns in respect of debt25‑85 Certain returns in respect of debt interests Next section25‑95 Deduction for work in progress amo25‑95 Deduction for work in progress amounts

Section 25‑90 Deduction relating to foreign non‑ - Income Tax Assessment Act 1997 - 25‑90 Deduction relating to foreign non‑assessable non‑exempt income — Zoe