Broken-period income: transfer of a debt instrument during a financial year must account for at least the broken-period income. Where a debt instrument is transferred during the financial year, the income treated as accruing from that instrument shall not be less than the ... Summary
Broken-period income: transfer of a debt instrument during a financial year must account for at least the broken-period income.
Where a debt instrument is transferred during the financial year, the income treated as accruing from that instrument shall not be less than the broken-period income attributable to the instrument, ensuring transfers cannot reduce taxable income by disregarding income earned prior to transfer.
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