Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_47
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 47
Character Range: 26493–26982

47  After subsection 160ZZPV(2)
Insert:

 (2A) The reductions set out in paragraph (2)(b) are taken to have been made at the time of the acquisition of the asset by the taxpayer.

 (2B) The acquisition amounts for an asset are:
 (a) the amount that, at the time of the acquisition of the asset, was the consideration in respect of the acquisition of the asset; and
 (b) the amount that, at that time, was the total of the incidental costs to the taxpayer of the acquisition of the asset.