Div 40 substituted for Divs 40, 41 and 42 by No 76 of 2001.
Subdiv 40-B substituted by No 76 of 2001.
40-135 Certain anti-avoidance provisions
(Deductions not allowable in respect of property under certain leveraged arrangements) of the
Income Tax Assessment Act 1936
(Certain arrangements relating to the use of property) of Part III of that Act;
apply to your deductions under this Division for a
depreciating asset you
hold as if you were the owner of the asset instead of any other person.
S 40-135 inserted by No 76 of 2001.