Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 17/41)
Character Range: 4274692–4277346

by an amount equal to the sum of:
 (d) the total amounts or values of the financial benefits that were subject to deemed loan treatment; and
 (e) the net amount referred to in paragraph (c).
Note: See subsection (6) in relation to the application of paragraph (d).
 (4) If:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends; and
 (c) a net amount is included in your assessable income in relation to the *financial benefits that are *subject to the deemed loan treatment (taking into account the adjustments under Subdivision 250‑E in relation to the financial benefits that are subject to the deemed loan treatment);
then, in determining the profit or loss on the sale of the asset, a deduction equal to the difference between the following is taken to have been allowed for expenditure by you in connection with the asset:
 (d) the total amounts or values of the financial benefits that were subject to deemed loan treatment; and
 (e) the net amount referred to in paragraph (c).
Note: See subsection (6) in relation to the application of paragraph (d).
 (5) If:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends; and
 (c) a net amount is allowed to you as a deduction in relation to the *financial benefits that are *subject to the deemed loan treatment (taking into account the adjustments under Subdivision 250‑E in relation to the financial benefits that are subject to the deemed loan treatment);
then, in determining the profit or loss on the sale of the asset, a deduction equal to the sum of the following is taken to have been allowed for expenditure by you in connection with the asset:
 (d) the total amounts or values of the financial benefits that were subject to deemed loan treatment; and
 (e) the net amount referred to in paragraph (c).
Note: See subsection (6) in relation to the application of paragraph (d).
 (6) In applying paragraphs (2)(d), (3)(d), (4)(d) and (5)(d), disregard subsection 250‑160(2) (reasonable estimate of end value treated as financial benefit subject to deemed loan treatment).

250‑290  Balancing adjustment under Subdivision 40‑D in some circumstances
 (1) This section applies if:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends because a particular event happens; and
 (c) the event would have been a *balancing adjustment event for the asset for the purposes of Subdivision 40‑D if this Division had not applied to you and the asset when the event happened.
 (2) A balancing