Document ID: chunk:federal_register_of_legislation:C2005C00282:clause:2_81d
Version: federal_register_of_legislation:C2005C00282
Segment Type: clause
Provision Reference: sch 2 cl 81D
Character Range: 85960–86633

81D  Subsection 104‑240(1) (definition of sum of reductions)
Repeal the definition, substitute:

sum of reductions is the sum of:
 (a) in the case of the *depreciating asset—the reductions in your deductions for the asset under section 40‑25; or
 (b) in the case of the section 73BA depreciating asset—the reductions that would have been required under section 40‑25 (including as applied for the purposes of section 73BC of the Income Tax Assessment Act 1936) on the assumption that when you used the asset either for a taxable purpose or for the purpose of the carrying on by or on behalf of you of research and development activities you used it for a taxable purpose.