Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:14_15:p2
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 14 cl 15 (pt 2/2)
Character Range: 207212–208426

thing covered by subsection (5).
           Step 2. If the step 1 amount exceeds the loss referred to in paragraph (1)(a), reduce the step 1 amount by the excess.
           Step 3. Reduce the step 2 amount by so much of the loss referred to in paragraph (1)(a) as it is reasonable to conclude is attributable to none of these:

                (a) a notional capital loss, or a notional revenue loss, that the company has at that last alteration time in respect of a *CGT asset;
                (b) a trading stock decrease in relation to that time for a CGT asset that was *trading stock of the company at that time.
 (5) This subsection covers each thing covered by an item in the table, except to the extent that:
 (a) it is reasonable to conclude that the thing was not attributable to value that is reflected in a notional capital gain or notional revenue gain that the company has at that last alteration time in respect of a *CGT asset; or
 (b) the thing has resulted in a reduction of the *reduced cost base of the equity or debt.

Things that might expose an unrealised loss netted off by use of global method
Item                                                                            Thing covered