Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_2
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 604246–605396

2                   Any of your commercial debts are forgiven in the income year          Subdivision 245‑E of Schedule 2C to the Income Tax Assessment Act 1936

373‑25  Meaning of unrecouped expenditure

 (1) Your unrecouped expenditure on an item of *intellectual property starts as your *expenditure on the item, but is reduced over time. (It can also be increased later.)

Note: If you have owned the item since before the 1998‑99 income year: see instead subsection 373‑10(2) of the Income Tax (Transitional Provisions) Act 1997.

 (2) Immediately after the end of an income year, it is reduced by the total of:

 (a) the amount you can deduct under section 373‑10 for the *expenditure for that income year; and

 (b) any amount by which that deduction has been reduced by section 373‑90 (about benefits from rights exercised outside Australia).

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

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