Income Tax Act 2007 section 681DA

Application of the Chapter

Section 681DA sets out the conditions that must be satisfied for Chapter 4 (leased assets and capital sums) to apply to a transaction.

  • Chapter 4 applies only when two sets of conditions are both met
  • Condition A (relating to payments under a lease) must always be satisfied
  • At least one of conditions B, C, D or E (relating to capital sums obtained) must also be satisfied
  • If condition A is not met, or none of conditions B to E is met, the Chapter does not apply

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