Section 27

DEDUCTION FROM INTEREST PAYABLE ON COMPENSATION

1  Chapter 3 of Part 15 of ITA 2007 (deduction from certain payments of yearly interest) is amended as follows.

2  [Inserts ITA 2007, s. 874(5A) and (5B).]

3  [Amends ITA 2007, s. 875.]

4  [Inserts ITA 2007, s. 878(1A).]

DEDUCTION FROM YEARLY INTEREST: SPECIALTIES

5  [Inserts ITA 2007, s. 874(6A).]

PAYMENT OF INTEREST IN KIND

6  [Inserts ITTOIA 2005, s. 370A.]

7  [Amends ITTOIA 2005, s. 380(3).]

8  [Amends ITA 2007, s. 939(6).]

9  [Amends ITA 2007, s. 975(1).]

10  [Inserts ITA 2007, s. 975A.]

11  [Amends CTA 2009, s. 413(3).]

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