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

40   Section 12-5 (table item headed "notional sales and loans")

Before:

payments to acquire property, no deduction for

240-85

insert:

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


Subdivision 250-C

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