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
38 Section 12-5 (table item headed "leases")
After:
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finance leases and arrangements, use of property if end-user an exempt public body or use outside Australia to produce exempt income |
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insert:
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leases of assets being put to tax preferred use |
Division 250 |