Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p3
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 3/42)
Character Range: 432495–435013

(d) if paragraph (ca) does not apply and, immediately before the time at which you inherited the interest, unit or lease, the deceased was neither *registered nor *required to be registered—an *approved valuation of the interest, unit or lease as at the latest of:
 (i) 1 July 2000; or
 (ii) the day on which you inherited the interest, unit or lease; or
 (iii) the first day on which you registered or were required to be registered; or
 (e) if paragraph (ca) does not apply and, immediately before the time at which you inherited the interest, unit or lease, the deceased was registered or required to be registered—an approved valuation of the interest, unit or lease as at the later of:
 (i) 1 July 2000; or
 (ii) the first day on which the deceased registered or was required to be registered.
 (4) If:
 (a) you acquired the interest, unit or lease in question by *inheriting it; and
 (b) none of subsections (1) to (2B) applies; and
 (c) the entity from whom you inherited the interest, unit or lease (the deceased) acquired it on or after 1 July 2000;
the margin for the supply you make is the amount by which the *consideration for the supply exceeds:
 (d) if you know what was the consideration for the supply of the interest, unit or lease to the deceased and you choose to use that consideration to work out the margin for the supply—that consideration; or
 (e) if paragraph (d) does not apply—an *approved valuation of the interest, unit or lease as at the day on which the deceased acquired it.

Margin for supply of real property acquired as a GST‑free going concern or as GST‑free farm land
 (5) If:
 (a) you acquired the interest, unit or lease in question from an entity as, or as part of:
 (i) a *supply of a going concern to you that was *GST‑free under Subdivision 38‑J; or
 (ii) a supply to you that was GST‑free under Subdivision 38‑O; and
 (b) the entity was *registered or *required to be registered, at the time of the acquisition; and
 (c) none of subsections (1) to (4) applies;
the margin for the supply you make is the amount by which the *consideration for the supply exceeds:
 (d) if that entity had acquired the interest, unit or lease before 1 July 2000 and on that day was registered or required to be registered:
 (i) if you choose to apply an *approved valuation to work out the margin for the supply—an approved valuation of the interest, unit or lease as at 1 July 2000; or
 (ii) if subparagraph (i) does not apply—the *GST inclusive market value of the interest, unit or lease as