Document ID: chunk:federal_register_of_legislation:C2012A00023:clause:2_39
Version: federal_register_of_legislation:C2012A00023
Segment Type: clause
Provision Reference: sch 2 cl 39
Character Range: 12964–14054

39  Subsection 328‑205(4) (example)
Repeal the example, substitute:
Example: When Bria's computer was allocated to her general small business pool for the 2012‑13 income year, she estimated that it would be used 50% for her florist business. Due to increasing business, Bria estimates the computer's use to be 70% for the 2013‑14 year, and 90% for the 2014‑15 year. She makes an adjustment under section 328‑225 for both those years.
 Bria sells the computer for $1,000 at the start of the 2016‑17 income year. She must now average the business use estimates for the computer for the year it was allocated to the pool and the next 3 years to work out the taxable purpose proportion of its termination value. The average is worked out as follows:
              *       50% (original estimate); plus
              *       70% (2013‑14 estimate); plus
              *       90% (2014‑15 estimate); plus
              *       90% (no change on previous year);
            =300% ÷ 4 = 75%
 The taxable purpose proportion of the computer's termination value is, therefore:
 75% of $1,000 = $750