CTHIn ForceAct
Income Tax Assessment Act 1997
26‑80 Financing costs on loans to pay su26‑80 Financing costs on loans to pay superannuation contribution
Start here
Get a plain-English read of 26‑80 Financing costs on loans to pay su
Turn the raw legal text into a practical explanation grounded in Income Tax Assessment Act 1997.
26‑80 Financing costs on loans to pay superannuation contribution
(1) You can only deduct under this Act a *financing cost connected with a contribution you make to a *superannuation plan if you can deduct the contribution under Subdivision 290‑B. (2) A financing cost connected with a contribution is expenditure incurred to the extent that it relates to obtaining finance to make the contribution, including: (a) interest, and payments in the nature of interest; and (b) expenses of borrowing.