Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 230 - Taxation of financial arrangements  

Subdivision 230-A - Core rules  

General rules

SECTION 230-65   Amount of financial benefit relating to more than one financial arrangement etc.  

230-65(1)  
This section applies if:


(a) a *financial benefit plays the integral role mentioned in paragraph 230-60(1)(c) or (2)(c) in relation to a *financial arrangement; and


(b) either or both of the following apply:


(i) the financial benefit plays that role in relation to one or more other financial arrangements;

(ii) the financial benefit is provided or received for one or more other things that are not financial arrangements.

230-65(2)  
For the purposes of this Division, determine the amount of the *financial benefit that plays that role in relation to a particular *financial arrangement by apportioning the actual amount of the financial benefit, on a reasonable basis, between:


(a) that financial arrangement; and


(b) each other financial arrangement (if any) in relation to which the benefit plays that role; and


(c) each other thing (if any) mentioned in subparagraph (1)(b)(ii).


 

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