Document ID: chunk:federal_register_of_legislation:C2004A00445:clause:1_1:p2
Version: federal_register_of_legislation:C2004A00445
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 2/2)
Character Range: 4663–6334

of such partial realisations is set out in Subdivision 380‑B.

Note 4: Once you have a deduction under this section, an amount may be included in your assessable income under Subdivision 380‑B, 380‑C or 380‑D.

380‑15  How much can you deduct?

  The amount you can deduct for the *current year is worked out as follows.

      How much you can deduct
           Step 1. Divide your *unrecouped expenditure on the *spectrum licence at the end of the current year by the number of income years from the start of the current year to the end of the income year in which the spectrum licence expires.
           Step 2. Work out the number of days in the current year on which you used the spectrum licence for the *purpose of producing assessable income.
           Step 3. Divide the result in step 2 by the number of days in the current year.
           Step 4. Multiply the results in steps 1 and 3. This is the amount that you can deduct for the current year under section 380‑10.

380‑20  What is your unrecouped expenditure?

 (1) Your unrecouped expenditure on a *spectrum licence starts as your *expenditure incurred in obtaining the spectrum licence, but is reduced over time. (It can also be increased later.)

 (2) Immediately after the end of an income year, it is reduced by the amount you can deduct under section 380‑10 for the *expenditure for that income year.

 (3) The table shows the other provisions that reduce or increase your unrecouped expenditure.

Reducing or increasing unrecouped expenditure
Item                                           For this situation:                                                                                 See: