Document ID: chunk:federal_register_of_legislation:C2025C00029:section:8:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 8 (pt 17/30)
Character Range: 4203842–4206371

lessee under a lease of the asset.
Note: For particular arrangements that are treated as leases, see section 250‑80.

250‑55  Tax preferred end user
  An *end user of an asset is a tax preferred end user if:
 (a) the end user (or a *connected entity) is a *tax preferred entity; or
 (b) the end user is:
 (i) an entity that is a foreign resident; or
 (ii) an entity that is an Australian resident, to the extent that the entity carries on *business in a foreign country at or through a *permanent establishment of the entity in that country.

250‑60  Tax preferred use of an asset
 (1) An asset is put to a tax preferred use at a particular time if:
 (a) an *end user (or a *connected entity) holds, at that time, rights as lessee under a lease of the asset; and
 (b) either or both of the following subparagraphs is satisfied at that time:
 (i) the asset is, or is to be, used by or on behalf of an end user who is a *tax preferred end user because of paragraph 250‑55(a) (tax preferred entity);
 (ii) the asset is, or is to be, used wholly or principally outside Australia and an end user of the asset is a tax preferred end user because of paragraph 250‑55(b) (foreign resident or business).
If this subsection applies, the tax preferred use of the asset is the lease referred to in paragraph (a).
Note: For particular arrangements that are treated as leases, see section 250‑80.
 (2) An asset is also put to a tax preferred use at a particular time if:
 (a) at that time the asset is, or is to be, used (whether or not by you) wholly or partly in connection with:
 (i) the production, supply, carriage, transmission or delivery of goods; or
 (ii) the provision of services or facilities; and
 (b) either or both of the following subparagraphs is satisfied at that time:
 (i) some or all of the goods, services or facilities are, or are to be, produced for or supplied, carried, transmitted or delivered to or for an *end user who is a *tax preferred end user because of paragraph 250‑55(a) (tax preferred entity) but is not an *exempt foreign government agency;
 (ii) the asset is, or is to be, used wholly or principally outside Australia and an end user of the asset is a tax preferred end user because of paragraph 250‑55(b) (foreign resident or business).
If this subsection applies, the tax preferred use of the asset is the production, supply, carriage, transmission, delivery or provision referred to in paragraph (a).
 (3) To avoid doubt, the facilities referred to in subsection (2) include:
 (a) hospital or medical