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

36   Section 11-55 (table item headed "notional sale and loan")

After:

luxury car leases, lease payments that the lessor receives or is entitled to receive

42A-40 in

Schedule 2E

insert:

deemed loan treatment for financial benefits provided for tax preferred use of asset


250-160

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