CTHRepealedAct
Sales Tax Assessment Act 1992
26Exemption for lease AOU if lease is an eligible long‑term lease or an eligible short‑term lease
Start here
Get a plain-English read of 26
Turn the raw legal text into a practical explanation grounded in Sales Tax Assessment Act 1992.
26 Exemption for lease AOU if lease is an eligible long‑term lease or an eligible short‑term lease
A lease AOU is not taxable if: (a) the lease is an eligible long‑term lease; or (b) the lease is an eligible short‑term lease and the exempt percentage specified in the agreement under subsection 15A(2) is 100%.