Overview Section 925C of ITA: Actual payments ignored if section 925A or 925B applies
1388.This section is a priority rule. It is based on paragraph 13(3) of Schedule 13 to FA 2007.
1389.In a case in which a repo involves an actual manufactured payment (which would be within Chapter 9 of Part 15 of ITA anyway), the actual manufactured payment is deemed not to have been made, and section 925A or 925B applies.