Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 1 Tax preferred entities (asset financing)
Part 2 Consequential amendments
Income Tax Assessment Act 1997
42 Section 12-5 (after table item headed "tax losses")
Insert:
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tax preferred asset financing |
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generally |
Division 250 |
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denial of capital allowance deductions in relation to asset being put to tax preferred use |
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reduction in capital allowance deductions in relation to asset being put to tax preferred use |
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