Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-10
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FINANCIAL TRANSACTIONS
Division 242
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Leases of luxury cars
Subdivision 242-C
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Deductions allowable to lessee
Guide to Subdivision 242-C
SECTION 242-45 242-45 What this Subdivision is about
View history note
Hide history noteSECTION 242-45 242-45 What this Subdivision is about
The lessee is entitled to deduct the interest on the notional loan to the same extent that the lessee would have been able to deduct the lease payments apart from this Division.
| Operative provisions | |
| 242-50 | Extent to which deductions are allowable to lessee |
| 242-55 | Lease payments not deductible |
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