ATO Rulings and Determinations
Deductibility of compound interest
05.12.2008
The Commissioner has issued a final determination in which it is accepted that the principles governing the deductibility of compound interest are the same as those that govern the deductibility of ordinary interest (TD 2008/27). The Commissioner accepts that this is the law following the decision of the Full Federal Court in Hart v FCT ([2002] FCAFC 222; 2002 ATC 4608).
