Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:25_10
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 25 cl 10
Character Range: 350713–351432

10  After subsection 727‑800(6)
Insert:

 (6A) The reduction of *adjustable value that is to be taken into account under subparagraph (6)(a)(i) for an *equity or loan interest in the *losing entity is:
 (a) if the interest is *trading stock immediately before the *IVS time—the one worked out on the basis of the interest's adjustable value under subsection 727‑835(2); or
 (b) otherwise—the greater or greatest of these:
 (i) the reduction of the interest's *cost base;
 (ii) the reduction of the interest's *reduced cost base;
 (iii) the reduction (if any) worked out on the basis of the interest's adjustable value under subsection 727‑840(2) (about revenue assets).

Income Tax (Transitional Provisions) Act 1997