Document ID: chunk:federal_register_of_legislation:C2007A00078:clause:2_17
Version: federal_register_of_legislation:C2007A00078
Segment Type: clause
Provision Reference: sch 2 cl 17
Character Range: 14710–15176

17  Subsection 40‑25(4)
Repeal the subsection, substitute:

 (4) That reduction is the part of the *leisure facility's decline in value that is attributable to your use of it, or your having it *installed ready for use, at a time when:
 (a) its use did not constitute a *fringe benefit; or
 (b) you did not use it or *hold it for use as mentioned in paragraph 26‑50(3)(b) (about using it in the course of your business or for your employees).

Part 3—Application