Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p31
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 31/51)
Character Range: 88493–91093

(i) to have been incurred by the transferee in the acquisition of
the unit; and
    (ii) to be an amount of qualifying plant expenditure in relation
to the transferee in relation to:
      (A) if subparagraph (b)(i) applies - the year of income of the
transferee in which the disposal took place; and
      (B) if subparagraph (b)(ii) applies - the first subsequent year
of income of the transferee; and
  (d) a reference in subsection 73B(21) to the end of the second year of
income after the year of income in which the transferee first used the unit
exclusively for the purpose of the carrying on by or on behalf of the
transferee of research and development activities is to be read as a reference
to the end of the 3-year period commencing at the beginning of:
    (i) the year of income in which the transferor first used the unit
exclusively for the purpose of the carrying on by or on behalf of the
transferor of research and development activities; or
    (ii) if there have been 2 or more prior successive applications of
this section - the earliest year of income in which a prior successive
transferor first used the unit exclusively for the purpose of the carrying on
by or on behalf of the prior successive transferor of research and development
activities; and
  (e) the reference in subsection 73B(22) to deductions having been allowed to
the transferee under subsection 73B(15) in relation to the unit in respect of
3 years of income is to be read as a reference to deductions having been
allowed to the transferee under subsection 73B(15) in relation to the unit in
respect of 3 years of income, reduced by one year for each year of income for
which a deduction was allowed or allowable under subsection 73B(15) to:
    (i) the transferor in respect of the unit; or
    (ii) if there have been 2 or more prior successive applications of
this section - any of the prior successive transferors in respect of the unit.
(Modification of depreciation provisions applicable to transferee)
  "(6) If depreciation is or becomes allowable to the transferee in respect of
the unit, the provisions of this Act relating to depreciation apply as if:
  (a) the transferee had acquired the unit for a cost equal to the modified
written-down value of the unit; and
  (b) subsections 73B(21) and (22) had effect as if a reference in those
subsections to the written-down value of the unit were a reference to the
modified written-down value of the unit; and
  (c) subsection 56(1A) had effect, in relation to the year of income of the
transferee in which the disposal took place, as if a day in that