Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 242.45

The lessee is entitled to deduct the interest on the notional loan to the same extent that the lessee would have been able to deduct the lease payments apart from this Division.

Table of sections

Operative provisions

242 - 50   Extent to which deductions are allowable to lessee

242 - 55   Lease payments not deductible