Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 250 - Assets put to tax preferred use  

Subdivision 250-B - When this Division applies to you and an asset  

Tax preferred use of asset

SECTION 250-55   250-55   Tax preferred end user  


An *end user of an asset is a tax preferred end user if:


(a) the end user (or a *connected entity) is a *tax preferred entity; or


(b) the end user is:


(i) an entity that is a foreign resident; or

(ii) an entity that is an Australian resident, to the extent that the entity carries on * business in a foreign country at or through a * permanent establishment of the entity in that country.

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