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  

Overall test

SECTION 250-45   250-45   Fifth exclusion - Commissioner determination  


This Division does not apply to you and an asset at a particular time if:


(a) you request the Commissioner to make a determination under this subsection; and


(b) the Commissioner determines that it is unreasonable that the Division should apply to you and the asset at that time, having regard to:


(i) the circumstances because of which this Division would apply to you and the asset; and

(ii) any other relevant circumstances.

View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.