Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:6_101
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 6 cl 101
Character Range: 627302–627861

101  Paragraph 160ZK(1)(a)
Repeal the paragraph, substitute:
 (a) the amount of the consideration, the amount of the costs or the amount of the expenditure, as the case may be, reduced by any part of the consideration, of the costs or of the expenditure that:
 (i) has been allowed or is allowable as a deduction to the taxpayer; or
 (ii) would, but for section 61 of this Act, have been so allowable; or
 (iii) would be taken into account under paragraph (b) of the definition of undeducted cost in section 42-175 of the Income Tax Assessment Act 1997; and