Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:5_27
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 5 cl 27
Character Range: 100041–100990

27  Section 43‑250
Repeal the section, substitute:

43‑250  The amount of the balancing deduction

      Method statement
           Step 1. Calculate the amount (if any) by which the *undeducted construction expenditure for the part of *your area that was destroyed exceeds the amounts you have received or have a right to receive for the destruction of that part.
           Step 2. Reduce the amount at Step 1 if one or more of these happened to that part of *your area:

                (a) Step 2 or 4 in section 43‑210, or Step 2 or 3 in section 43‑215, applied to you or another person for it;
                (b) you were, or another person was, not allowed a deduction for it under this Division;
                (c) a deduction for it was not allowed or was reduced (for you or another person) under Division 10C or 10D of Part III of the Income Tax Assessment Act 1936.

            The reduction under this step must be reasonable.