Income Tax Assessment Act 1997

This Subdivision provides for the inclusion in the notional seller ' s assessable income of:

(a) amounts (notional interest) on account of the interest for the notional loan that the notional seller is taken to have made to the notional buyer; and

(b) any profit made by the notional seller:

(i) on the notional sale of the property to the notional buyer; or

(ii) on a sale of the property after any notional re-acquisition of the property by the notional seller.