Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_50
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 50
Character Range: 29005–29763

50  Paragraphs 160ZZPW(5)(a) and (b)
Repeal the paragraphs, substitute:
 (a) the taxpayer must apportion the residual net roll‑over amount among the nominated non‑goodwill replacement assets in such manner as the taxpayer determines but so that the amount apportioned to a particular asset does not exceed the lesser of:
 (i) the sum of the acquisition amounts set out in subsection (5B); and
 (ii) if the asset is a share in a company or a unit in a unit trust—the maximum apportionment amount for the share or unit worked out under subsection (6);
 (b) if an amount is apportioned to an asset that is not a depreciable asset—the amount is to be applied in reduction of the acquisition amounts for the asset in such proportions as the taxpayer determines;