Document ID: chunk:federal_register_of_legislation:C2010C00584:clause:7_11
Version: federal_register_of_legislation:C2010C00584
Segment Type: clause
Provision Reference: sch 7 cl 11
Character Range: 108874–109533

11  Subsection 328‑243(1)
Repeal the subsection, substitute:

 (1) Roll‑over relief can be chosen under subsection 40‑340(3) if:
 (a) *balancing adjustment events occur for *depreciating assets on a day (the BAE day) because of subsection 40‑295(2); and
 (b) deductions for the assets are calculated under this Subdivision; and
 (c) the entity or entities that had an interest in the assets just before the balancing adjustment events occurred (the transferor) and the entity or entities that have an interest in the assets just after the events occurred (the transferee) jointly choose the roll‑over relief; and
 (d) the condition in subsection (2) is met.