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

42   Section 12-5 (after table item headed "tax losses")

Insert:

tax preferred asset financing

 

generally

Division 250

denial of capital allowance deductions in relation to asset being put to tax preferred use


250-145

reduction in capital allowance deductions in relation to asset being put to tax preferred use


250-150

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