Income Tax Assessment Act 1997
If the accruals method applies to a gain or loss you make from the *financial arrangement:
(a) you use section 250-240 to work out the period over which the gain or loss is to be spread; and
(b) you use section 250-245 to work out how to allocate the gain or loss to particular intervals within the period over which the gain or loss is to be spread; and
(c) if an interval to which part of the gain or loss is allocated straddles 2 income years, you use section 250-250 to work out how to allocate that part of the gain or loss allocated between those 2 income years.
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