INCOME TAX ASSESSMENT ACT 1997 - SECT 240.55 Arrangement payments not to be deductions

INCOME TAX ASSESSMENT ACT 1997 - SECT 240.55

    The * notional buyer is not entitled to deduct * arrangement payments that the * notional buyer makes under the * arrangement, but those payments are taken into account in calculating * notional interest that may be deducted under section   240 - 50.

Table of sections

Operative provisions

240 - 60   Notional interest

240 - 65   Arrangement payments

240 - 70   Arrangement payment periods