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Edited version of private advice
Authorisation Number: 1051772369837
Date of advice: 28 October 2020
Ruling
Subject: Hire purchase agreement and the interaction of Division 240
In order to protect the privacy and commercial in-confidence components of this private ruling the following summary is provided:
Issue
This ruling concerned whether an entity's arrangement constituted a Hire Purchase Agreement as defined in subsection 995-1(1) of the Income Tax Assessment Act 1997 (ITAA 1997) and the interaction of Division 240.
Answer
The Commissioner has ruled on the specific questions