Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:1_2:p7
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 7/21)
Character Range: 71143–74060

purposes, the end value of the asset is:
 (a) the value of the relevant asset at the end of the *arrangement period that would be recognised for accounting purposes if subparagraph 250‑15(d)(i) applies; or
 (b) so much of the value of referred to in paragraph (a) as is attributable to the expenditure referred to subparagraph 250‑15(d)(ii) if that subparagraph applies.
The end value must not, however, exceed the amount worked out under subsections 250‑155(4) and (5) (amount taken to have been lent).

 (6) If none of subsections (2), (3) and (5) apply to the asset, the end value of the asset is:
 (a) a reasonable estimate of the *market value of the asset at the end of the *arrangement period if subparagraph 250‑15(d)(i) applies; or
 (b) so much of the estimate referred to in paragraph (a) as is attributable to the expenditure referred to in subparagraph 250‑15(d)(ii) if that subparagraph applies.
The end value must not, however, exceed the amount worked out under subsections 250‑155(4) and (5) (amount taken to have been lent).

250‑185  Financial benefits subject to deemed loan treatment not assessed

  A *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.

Subdivision 250‑E—Taxation of deemed loan

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

Guide to Subdivision 250‑E

250‑190  What this Subdivision is about

      This Subdivision is about