Section EW 6 — Income Tax Act 2007: Relationship between financial arrangements and excepted financial arrangements

EW 6 Relationship between financial arrangements and excepted financial arrangements Part of financial arrangement (1) An excepted financial arrangement may be part of a financial arrangement. Income or expenditure under specific excepted financial arrangements (2) If an excepted financial arrangement described in any of section EW 5(2) to (16) is part of a financial arrangement, an amount solely attributable to the excepted financial arrangement is not an amount taken into account under the financial arrangements rules. Income or expenditure under remaining excepted financial arrangements (3) If an excepted financial arrangement described in any of section EW 5(17) to (25) is part of a financial arrangement, an amount solely attributable to the excepted financial arrangement is an amount taken into account under the financial arrangements rules. Defined in this Act: amount , excepted financial arrangement , financial arrangement , financial arrangements rules , income , Compare: 2004 No 35 s EW 6