Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 1 Tax preferred entities (asset financing)
Part 2 Consequential amendments
Income Tax Assessment Act 1997
40 Section 12-5 (table item headed "notional sales and loans")
Before:
|
payments to acquire property, no deduction for |
240-85 |
insert:
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deemed loan treatment for financial benefits provided for tax preferred use of asset |
|