New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1936
142 Subparagraph 42A-90(4)(a)(ii) of Schedule 2E
Repeal the subparagraph, substitute:
(ii) any amount that is included in the lessee's assessable income under subsection 59(2) or under Subdivision 40-D, or the former Subdivision 42F or 42G, of the Income Tax Assessment Act 1997 because the lessee is taken to have disposed of the car; or
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
