Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p39
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 39/64)
Character Range: 3397585–3400629

debt
245‑50 Extent of forgiveness if consideration is given
245‑55 General rule for working out the value of a debt
245‑60 Special rule for working out the value of a non‑recourse debt
245‑61 Special rule for working out the value of a previously assigned debt
Working out if an amount is offset against the value of the debt
245‑65 Amount offset against amount of debt
Working out the gross forgiven amount
245‑75 Gross forgiven amount of a debt
245‑77 Gross forgiven amount shared between debtors
Subdivision 245‑D—Calculation of net forgiven amount of a debt
Guide to Subdivision 245‑D
245‑80 What this Subdivision is about
Operative provisions
245‑85 Reduction of gross forgiven amount
245‑90 Agreement between companies under common ownership for creditor to forgo capital loss or deduction
Subdivision 245‑E—Application of net forgiven amounts
Guide to Subdivision 245‑E
245‑95 What this Subdivision is about
General operative provisions
245‑100 Subdivision not to apply to calculation of attributable income
245‑105 How total net forgiven amount is applied
Reduction of tax losses
245‑115 Total net forgiven amount is applied in reduction of tax losses
245‑120 Allocation of total net forgiven amount in respect of tax losses
Reduction of net capital losses
245‑130 Remaining total net forgiven amount is applied in reduction of net capital losses
245‑135 Allocation of remaining total net forgiven amount in respect of net capital losses
              Reduction of expenditure
245‑145 Remaining total net forgiven amount is applied in reduction of expenditure
245‑150 Allocation of remaining total net forgiven amount in respect of expenditures
245‑155 How expenditure is reduced—straight line deductions
245‑157 How expenditure is reduced—diminishing balance deductions
245‑160 Amount applied in reduction of expenditure included in assessable income in certain circumstances
Reduction of cost bases of assets
245‑175 Remaining total net forgiven amount is applied in reduction of cost bases of CGT assets
245‑180 Allocation of remaining total net forgiven amount among relevant cost bases of CGT assets
245‑185 Relevant cost bases of investments in associated entities are reduced last
245‑190 Reduction of the relevant cost bases of a CGT asset
Unapplied total net forgiven amount
245‑195 No further consequences if there is any remaining unapplied total net forgiven amount
Subdivision 245‑F—Special rules relating to partnerships
Guide to Subdivision 245‑F
245‑200 What this Subdivision is about
Operative provisions
245‑215 Unapplied total net forgiven amount of a partnership is transferred to partners
Subdivision 245‑G—Record keeping
245‑265 Keeping and retaining records
Division 247—Capital protected borrowings
Guide to Division 247
247‑1 What this Division is about
Operative provisions
247‑5 Object of Division
247‑10 What capital protected borrowing and capital protection are
247‑15 Application of this Division
247‑20 Treating capital protection as a put option
247‑25 Number of put options
247‑30 Exercise or expiry of