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
27 Section 42-205 (after table item 5D)
Insert:
|
5E |
that you are taken to have disposed of under subsection 240-20(1) |
the amount worked out under subsection 240-25(5) |
car limit (42-215) |
|
5F |
of which you are taken to have ceased to be the owner under paragraph 240-20(2)(b) |
the amount worked out under subsection 240-25(5) |
car limit (42-215) |
|
5G |
that you are taken to have disposed of under subsection 240-90(2) |
the amount worked out under subsection 240-90(3) |
car limit (42-215) |
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