Question 6 Which of the following expenses is NOT deductible under Section 8-1 of the ITAA (1997)? Denise owns a retirement village and incurs legal costs of $20,000 in opposing the development of a neighbouring retirement village; a dentist buys Woman's Day, Marie Claire and New Idea magazines for his patients to read at the dental surgery whilst waiting their turn to see him; monies stolen from an employee of a convenience shop who was on the way to the bank to deposit the day's takings; interest payments on a loan taken out to purchase a coffee shop. Unfortunately, the coffee shop was unsuccessful and has closed down, however, the loan is still being repaid.