Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-10
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FINANCIAL TRANSACTIONS
Division 235
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Particular financial transactions
Subdivision 235-I
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Instalment trusts
Guide to Subdivision 235-I
SECTION 235-805 What this Subdivision is about
View history note
Hide history noteSECTION 235-805 What this Subdivision is about
An entity that invests in an asset through an instalment warrant, instalment receipt, or other similar arrangement, is treated for most income tax purposes as if it had invested in the asset directly.
A regulated superannuation fund that invests in an asset through a limited recourse borrowing is treated in the same way.
| Operative provisions | |
| 235-810 | Object of this Subdivision |
| 235-815 | Application of Subdivision |
| 235-820 | Look-through treatment for instalment trusts |
| 235-825 | Meaning of instalment trust and instalment trust asset |
| 235-830 | What trusts are covered - instalment trust arrangements |
| 235-835 | Requirement for underlying investments to be listed or widely held |
| 235-840 | What trusts are covered - limited recourse borrowings by regulated superannuation funds |
| 235-845 | Interactions with other provisions |
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