Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_5:p2
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 5 (pt 2/2)
Character Range: 628220–629140

expenditure on the item is reduced to nil at the time of the *balancing adjustment event (even if the *termination value equals the *written down value).

Note: If the termination value equals the written down value, the balancing adjustment has no effect on your assessable income or deductions. (One case where this can happen is if you dispose of the item for no consideration: see section 373‑70.)

373‑70  Meaning of termination value

 (1) The item's termination value is worked out using the table. If more than one Case in the table applies, use the termination value in the last applicable Case.

Termination value of an item of intellectual property
Case                                                   In this situation:                                                                                                                                                            The termination value is: