Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 240-20 Notional sale of property by notional seller and notional acquisition of property by notional buyer 240-20(1)
The *notional seller is taken to have disposed of the property by way of sale to the *notional buyer, and the notional buyer is taken to have acquired it, at the start of the *arrangement.
240-20(2)
The *notional buyer is taken to own the property until:
(a) the *arrangement ends; or
(b) the notional buyer becomes the *notional seller under a later arrangement to which this Division applies.
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