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-E - Taxation of deemed loan  

Application and objects of Subdivision

SECTION 250-200   250-200   Objects of this Subdivision  


The objects of this Subdivision are:


(a) to properly recognise gains and losses from the *financial arrangement by allocating them to appropriate periods of time; and


(b) to minimise tax deferral.


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