Private ruling: Hire purchase agreement and the interaction of Division 240
Date of advice: 28 October 2020
Published: December 2020

Ruling: A1: The Commissioner has ruled on the specific questions




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.