Tax interest provision now includes relief under section 89, affecting interest calculation for taxpayers retroactively. The amendment inserts clause (ia) into Explanation 1 to subsection (1) of the interest provision, adding that any relief of tax allowed under section 89 is included in the Explanation; this insertion is deemed effective from 1 April 2007.
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Tax interest provision now includes relief under section 89, affecting interest calculation for taxpayers retroactively.
The amendment inserts clause (ia) into Explanation 1 to subsection (1) of the interest provision, adding that any relief of tax allowed under section 89 is included in the Explanation; this insertion is deemed effective from 1 April 2007.
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