Super-Fast Transport Ltd. incurred expenses of $5,000 in arranging a loan to finance its working capital requirements and an expansion of its debtors. The loan is $1,000,000 was for four years and was entered into 1 April 2015.

Advise Super-Fast Transport Ltd. whether it could claim any of the loan expenses as a tax deduction for the 2014/2015 tax years?

Use relevant laws and sections to justify your answer. Detail discussion is required.