A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules

Part 4-6 - Special rules mainly about tax periods

The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.

Division 158 - Hire purchase agreements

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158-1 What this Division is about

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If you account on a cash basis, you are treated as if you do not account on a cash basis for any acquisition made under a hire purchase agreement.