Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_45
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 45
Character Range: 24908–25751

45  Paragraphs 160ZZPU(3)(a) and (b)
Repeal the paragraphs, substitute:
 (a) the taxpayer must apportion so much of the net goodwill roll‑over amount as is equal to the total goodwill cost base among the nominated replacement assets so that the amount apportioned to a particular asset does not exceed the sum of:
 (i) the amount that, at the time of the acquisition of the asset, was the consideration in respect of the acquisition of the asset; and
 (ii) the amount that, at that time, was the total of the incidental costs to the taxpayer of the acquisition of the asset;
 (b) if an amount is apportioned to an asset—the consideration in respect of the acquisition of the asset and the incidental costs to the taxpayer of the acquisition of the asset are each taken, at the time of the acquisition of the asset by the taxpayer, to be nil;