Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:3_2
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 15332–16609

2                                                            there is no *retained cost base asset in the set, and the total of the respective *market values (at the joining time) of the assets in the set is greater than the available amount           the *tax cost setting amount of each of the assets is the sum of:                                                                                                                 none is taken into account under subsection 705‑70(1)
                                                                                                                                                                                                                                                            (a) a share of the available amount that is proportionate to that asset's market value at the joining time; and
                                                                                                                                                                                                                                                            (b) the amount worked out for the asset under section 705‑35 on the basis that the asset's market value at the joining time is reduced by the share referred to in paragraph (a)