Commonwealth Consolidated Acts Commonwealth Consolidated ActsA * financial benefit is not included in your assessable income if the financial benefit:
(a) is * provided to you in relation to the tax preferred use of the asset; and
(b) is provided directly or indirectly by a * member of the tax preferred sector; and
(c) is * subject to deemed loan treatment.
The financial benefit is not assessable income and is not * exempt income.
Table of sections
Guide to Subdivision 250 - E
250 - 190 What this Subdivision is about
Application and objects of Subdivision
250 - 195 Application of Subdivision
250 - 200 Objects of this Subdivision
Tax treatment of gains and losses from financial arrangements
250 - 205 Gains are assessable and losses deductible
250 - 210 Gain or loss to be taken into account only once under this Act
Method to be applied to take account of gain or loss
250 - 215 Methods for taking gain or loss into account
General rules
250 - 220 Consistency in working out gains or losses (integrity measure)
250 - 225 Rights and obligations include contingent rights and obligations
The accruals method
250 - 230 Application of accruals method
250 - 235 Overview of the accruals method
250 - 240 Applying accruals method to work out period over which gain or loss is to be spread
250 - 245 How gain or loss is spread
250 - 250 Allocating gain or loss to income years
250 - 255 When to re - estimate
250 - 260 Re - estimation if balancing adjustment on partial disposal
Balancing adjustment
250 - 265 When balancing adjustment made
250 - 270 Exception for subsidiary member leaving consolidated group
250 - 275 Balancing adjustment
Other provisions
250 - 280 Financial arrangement received or provided as consideration