Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:1_8
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 91089–91791

8                                                                            If the remaining amount is positive, it is the joined group's allocable cost amount. Otherwise the joined group's allocable cost amount is nil.

705‑65  Cost of membership interests in the joining entity—step 1 in working out allocable cost amount

 (1) For the purposes of step 1 in the table in section 705‑60, the step 1 amount is the sum of the following amounts for each *membership interest that *members of the joined group hold in the joining entity at the joining time:

Working out the step 1 amount
Item                           If the market value of the membership interest is...              The amount is...