Taxation Laws Amendment Act (No. 1) 2001 (72 of 2001)
Schedule 2 Arrangements treated as a sale and loan and limited recourse debt
Part 2 Consequential amendments: arrangements treated as a sale and loan
Income Tax Assessment Act 1997
23 Section 42-65 (after table item 9E)
Insert:
|
9F |
you are taken to acquire as mentioned in subsection 240-90(2) |
the amount applying under subsection 240-90(3) |
car discount (42-70) car limit (42-80) double deduction (42-85) prev. dep. limit (42-90) |
|
9G |
you acquire as mentioned in subsection 240-90(5) |
the amount applying under subsection 240-90(5) |