Income Tax Assessment Act 1997



Division 250 - Assets put to tax preferred use  

Subdivision 250-B - When this Division applies to you and an asset  

Predominant economic interest

SECTION 250-110   250-110   Predominant economic interest  

You lack a predominant economic interest in an asset at a particular time only if one or more of the following sections apply to you and the asset at that time:

(a) section 250-115 (limited recourse debt test);

(b) section 250-120 (right to acquire asset test);

(c) section 250-125 (effectively non-cancellable, long term arrangement test);

(d) section 250-135 (level of expected financial benefits test).


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