Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p53
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 53/53)
Character Range: 3041502–3042916

the amount or value of each thing covered by subsection (5). (If the total exceeds the realised loss, reduce the total by the excess.)
           Step 2. Reduce the step 1 amount by so much of the realised loss as it is reasonable to conclude is attributable to none of these:

                (a) a notional capital loss, or a notional revenue loss, that the company has at that last alteration time in respect of a *CGT asset;
                (b) a trading stock decrease in relation to that time for a CGT asset that was *trading stock of the company at that time.
Note: If the equity or debt is a revenue asset, the realised loss is different from the loss referred to in subsection (1): see subsection (9).
 (5) This subsection covers each thing covered by an item in the table, except to the extent that:
 (a) it is reasonable to conclude that the thing was not attributable to value that is reflected in what would, if that last alteration time had been a *changeover time for the company, be a notional capital gain or notional revenue gain that the company had under section 165‑115F at that changeover time in respect of a *CGT asset; or
 (b) the thing has resulted in a reduction of the *reduced cost base of the equity or debt.

Things that might expose an unrealised loss netted off by use of global method
Item                                                                            Thing covered