Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p34
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 34/51)
Character Range: 95637–98446

had not been enacted.
(CGT roll-over relief applies to motor vehicles)
  "(12) For the purposes of this section, in addition to the effect that
section 160ZZO has apart from this subsection, that section also has the
effect that it would have if a reference in that section to an asset included
a reference to a motor vehicle of a kind mentioned in paragraph 82AF(2)(a).
(Interpretation)
  "(13) For the purposes of interpretation, this section is to be construed as
if it were part of section 73B.
(Definition)
  "(14) In this section:
  'modified written-down value' has the meaning given by subsection (8).
Section 73B roll-over relief on disposal of building etc. where CGT roll-over
relief allowed under section 160ZZO
(Meaning of "unit")
  "73F.(1) In this section:
  'unit' means a building or an extension, alteration or improvement to a
building.
(Roll-over relief where CGT roll-over relief allowed)
  "(2) This section applies to the disposal of a unit by an eligible company
(in this section called the 'transferor') to another eligible company (in this
section called the 'transferee') if:
  (a) section 160ZZO applies to the disposal of the unit by the transferor;
and
  (b) subject to subsection (14), a deduction or deductions have been allowed
or are allowable under subsection 73B(17) to the transferor in respect of the
unit.
(No balancing charges)
  "(3) Subsection 73B(27) does not apply in respect of the disposal of the
unit by the transferor.
(5-year deduction disallowance rule does not apply)
  "(4) Subsection 73B(28) does not apply in respect of the disposal of the
unit by the transferor.
(Subsection 73B(4) definition of "qualifying building expenditure" not
applicable to transferee)
  "(5) Subsection 73B(4) does not apply to the transferee in relation to the
unit.
(Transferee to inherit transferor's qualifying building expenditure)
  "(6) If:
  (a) immediately after the disposal took place, the transferee commences to
use the unit exclusively for the purpose of the carrying on by or on behalf of
the transferee of research and development activities; and
  (b) apart from the disposal, there would have been an amount of qualifying
building expenditure in relation to the transferor in relation to:
    (i) the year of income of the transferor in which the disposal
took place; or
    (ii) the first subsequent year of income of the transferor;
then, subject to subsection 73B(5), section 73B and this section have effect
as if an amount equal to that amount were taken:
  (c) to have been incurred by the transferee in the acquisition of the unit;
and
  (d) to be an amount of qualifying building expenditure in relation to the
transferee in relation to:
    (i) if subparagraph (b)(i) applies - the year of income of the
transferee in which the disposal took place; and