Document ID: chunk:federal_register_of_legislation:C2004A01369:clause:2_12
Version: federal_register_of_legislation:C2004A01369
Segment Type: clause
Provision Reference: sch 2 cl 12
Character Range: 19223–19769

12  After subsection 84‑13(1)
Insert:

 (1A) However, if:
 (a) an *annual apportionment election that you have made has effect at the end of the tax period to which the input tax credit is attributable; and
 (b) the acquisition is not an acquisition of a kind specified in the regulations made for the purposes of paragraph 131‑40(1)(b);
the amount of the input tax credit on the acquisition is worked out under section 131‑40 as if full input tax credit had the same meaning in subsection 131‑40(2) as it has in subsection (1) of this section.