Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)
Schedule 3 Leases of luxury cars
Part 2 Consequential amendments
Income Tax Assessment Act 1997
28 Subsection 240-60(1) (method statement, step 3)
Repeal the step, substitute:
Step 3. Work out the implicit interest rate for the*arrangement payment period, taking into account the*arrangement payments payable by the*notional buyer under the*arrangement and any*termination amounts.
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).
