Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:2_27
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 2 cl 27
Character Range: 13274–14389

27  At the end of section 705‑75
Add:

Application of subsection 705‑65(4)
 (4) Subsection 705‑65(4) applies in relation to assets mentioned in subsection (2) of this section in a corresponding way to that in which it applies in relation to members' *membership interests.

Reduction in reduced cost base under subsection 165‑115ZA(3) to be added back
 (5) If:
 (a) in working out the *reduced cost base of a *member's asset for the purposes of subsection (2), a reduction has taken place under subsection 165‑115ZA(3) (about alterations in ownership or control of loss companies); and
 (b) the reduction is to some extent attributable to so much of an amount that was taken into account both in working out the amount of the reduction and in working out:
 (i) the step 5 amount under section 705‑100; or
 (ii) the step 6 amount under section 705‑110;
the reduced cost base is, to the extent mentioned in paragraph (b), increased by:
 (c) if subparagraph (b)(i) applies—the amount of that reduction; or
 (d) if subparagraph (b)(ii) applies—the amount of that reduction multiplied by the *general company tax rate.