Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:7_51
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 7 cl 51
Character Range: 102416–103118

51  Subsection 165‑15(2) (definition of sum of reductions)
Repeal the definition, substitute:
sum of reductions is the sum of:
 (a) any reductions to a *starting base loss relating to the *starting base asset, for that *MRRT year or an earlier MRRT year, under subsection 80‑40(3) or (4); and
 (b) any reductions to a starting base loss relating to the asset, for that MRRT year or an earlier MRRT year, under paragraph 115‑15(2)(b); and
 (c) any starting base losses, for that MRRT year or an earlier MRRT year, that paragraph 115‑15(2)(a), 130‑15(a) or (b) or 200‑5(b) extinguished, or paragraph 200‑5(c) prevented from arising, to the extent that they related (or would have related) to the asset.