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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME    View history reference

Division 20 - Amounts included to reverse the effect of past deductions    View history reference

Subdivision 20-B - Disposal of a car for which lease payments have been deducted    View history reference

Miscellaneous rules

SECTION 20-155  

20-155  Exception for particular cars taken on hire  

 View history reference ITAA 36
This Subdivision does not apply to these kinds of leases:


(a) letting a *car on hire under a *hire purchase agreement; or
 View history reference


(b) letting a *car on hire under an agreement of a kind ordinarily entered into by people who take cars on hire intermittently on an hourly, daily, weekly or monthly basis.


 



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