Document ID: chunk:federal_register_of_legislation:C2008A00145:clause:4_10
Version: federal_register_of_legislation:C2008A00145
Segment Type: clause
Provision Reference: sch 4 cl 10
Character Range: 24457–24996

10  Subsection 24(1)
Omit "the taxable value, but for this subsection and Division 14, of the expense payment fringe benefit in relation to the year of tax shall be reduced by:", substitute:
the taxable value, but for Division 14, of the expense payment fringe benefit in relation to the year of tax is the amount calculated in accordance with the formula:
where:

TV is the amount that, but for this subsection and Division 14, would be the taxable value of the expense payment fringe benefit in relation to the year of tax; and

ND is: