Income tax - interest deductibility - Roberts and Smith - borrowing to replace and repay amounts invested in a business or other income-earning activity

The rulings consider interest deductibility when a partnership or taxpayer borrows funds which are used to replace and repay existing funding.

Rulings:

BR Pub 15/04

BR Pub 15/05

BR Pub 15/06

BR Pub 15/07

BR Pub 15/08

BR Pub 15/09