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  

General rules

SECTION 250-225   250-225   Rights and obligations include contingent rights and obligations  


To avoid doubt:


(a) a right is treated as a right for the purposes of this Division even it is subject to a contingency; and


(b) an obligation is treated as an obligation for the purpose of this Division even if it is subject to a contingency.


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