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
(a) section 51AD (Deductions not allowable in respect of property under certain leveraged arrangements) of the Income Tax Assessment Act 1936;
(b) Division 16D (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.