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Edited version of private advice
Authorisation Number: 1051932285101
Date of advice: 9 December 2021
Ruling
Subject: Section 8-1 of the Income Tax Assessment Act 1997, subsection 128AC(5) of the Income Tax Assessment Act 1936 and section 12-280 of Schedule 1 to the Tax Administration Act 1953.
The Commissioner made a private ruling on the application of these provisions to a lease of substantial equipment.