Document ID: chunk:federal_register_of_legislation:C2013C00453:clause:1_1:p21
Version: federal_register_of_legislation:C2013C00453
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 21/52)
Character Range: 54203–56688

to work out how to allocate the gain or loss to particular intervals within the period over which the gain or loss is to be spread; and
 (c) if an interval to which part of the gain or loss is allocated straddles 2 income years, you use section 230‑170 to work out how to allocate that part of the gain or loss allocated between those 2 income years.

230‑130  Applying accruals method to work out period over which gain or loss is to be spread

Period over which overall gain or loss is to be spread
 (1) If you have a sufficiently certain overall gain or loss from a *financial arrangement under subsection 230‑105(1), the period over which the gain or loss is to be spread is the period that:
 (a) starts when you start to have the arrangement; and
 (b) ends when you will cease to have the arrangement.
In applying paragraph (b), you must assume that you will continue to have the arrangement for the rest of its life.
 (2) However, if you have sufficiently certain gains or losses from the arrangement that:
 (a) can be spread under subsection (3); and
 (b) when considered together, represent adequately the overall gain or loss mentioned in subsection (1);
you may spread those gains or losses in accordance with subsection (3) instead of spreading the overall gain or loss in accordance with subsection (1).

Period over which particular gain or loss is to be spread
 (3) If you have a sufficiently certain gain or loss from a *financial arrangement under subsection 230‑110(1), the period over which the gain or loss is to be spread is the period to which the gain or loss relates. Have regard to the pricing, terms and conditions of the arrangement in working out the period to which the gain or loss relates. This subsection has effect subject to subsections (4) and (5).
 (4) The start of the period over which a gain or loss to which subsection (3) applies is to be spread must:
 (a) not start earlier than the time when you start to have the *financial arrangement; and
 (b) not start earlier than the start of the income year during which it becomes sufficiently certain that you will make the gain or loss.
 (5) The end of the period over which a gain or loss to which subsection (3) applies is to be spread must:
 (a) not end later than the time when you will cease to have the *financial arrangement; and
 (b) not end later than the end of the income year during which:
 (i) the *financial benefit that gives rise to the gain or loss is to be received or provided; or