Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 240 - Arrangements treated as a sale and loan  

Subdivision 240-D - Deductions allowable to notional buyer  

Operative provisions

SECTION 240-55  

240-55   Arrangement payments not to be deductions  

The * notional buyer is not entitled to deduct * arrangement payments that the * notional buyer makes under the * arrangement, but those payments are taken into account in calculating * notional interest that may be deducted under section 240-50 .