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On 30 June 2018 Jimmy prepaid the loan repayments for the next 12 months 1 July 2018 to 30 June 2019 $18000 Will it be

On 30 June 2018 Jimmy prepaid the loan repayments for the next 12 months 1 July 2018 to 30 June 2019 $18000

Will it be deductible under allowable deductions if we have to calculate taxable income for the year ended 30 June 2018? If No, what is the reason?

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