Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p40
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 40/64)
Character Range: 3400363–3403451

is about
Operative provisions
247‑5 Object of Division
247‑10 What capital protected borrowing and capital protection are
247‑15 Application of this Division
247‑20 Treating capital protection as a put option
247‑25 Number of put options
247‑30 Exercise or expiry of option
Division 250—Assets put to tax preferred use
Guide to Division 250
250‑1 What this Division is about
Subdivision 250‑A—Objects
250‑5 Main objects
Subdivision 250‑B—When this Division applies to you and an asset
Overall test
250‑10 When this Division applies to you and an asset
250‑15 General test
250‑20 First exclusion—small business entities
250‑25 Second exclusion—financial benefits under minimum value limit
250‑30 Third exclusion—certain short term or low value arrangements
250‑35 Exceptions to section 250‑30
250‑40 Fourth exclusion—sum of present values of financial benefits less than amount otherwise assessable
250‑45 Fifth exclusion—Commissioner determination
Tax preferred use of asset
250‑50 End user of an asset
250‑55 Tax preferred end user
250‑60 Tax preferred use of an asset
250‑65 Arrangement period for tax preferred use
250‑70 New tax preferred use at end of arrangement period if tax preferred use continues
250‑75 What constitutes a separate asset for the purposes of this Division
250‑80 Treatment of particular arrangements in the same way as leases
Financial benefits in relation to tax preferred use
250‑85 Financial benefits in relation to tax preferred use of an asset
250‑90 Financial benefit provided directly or indirectly
250‑95 Expected financial benefits in relation to an asset put to tax preferred use
250‑100 Present value of financial benefit that has already been provided
Discount rate to be used in working out present values
250‑105 Discount rate to be used in working out present values
Predominant economic interest
250‑110 Predominant economic interest
250‑115 Limited recourse debt test
250‑120 Right to acquire asset test
250‑125 Effectively non‑cancellable, long term arrangement test
250‑130 Meaning of effectively non‑cancellable arrangement
250‑135 Level of expected financial benefits test
250‑140 When to retest predominant economic interest under section 250‑135
Subdivision 250‑C—Denial of, or reduction in, capital allowance deductions
250‑145 Denial of capital allowance deductions
250‑150 Apportionment rule
Subdivision 250‑D—Deemed loan treatment of financial benefits provided for tax preferred use
250‑155 Arrangement treated as loan
250‑160 Financial benefits that are subject to deemed loan treatment
250‑180 End value of asset
250‑185 Financial benefits subject to deemed loan treatment not assessed
Subdivision 250‑E—Taxation of deemed loan
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