Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p37
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 37/51)
Character Range: 103124–105884

expenditure incurred by the transferor in the acquisition
or construction of the unit;
    (ii) if there have been 2 or more prior successive applications of
this section - the expenditure incurred by the earliest prior successive
transferor in the acquisition or construction of the unit;
is taken to have been expenditure incurred by the transferee in the
acquisition of the unit; and
  (e) the total of:
    (i) the amounts that would, apart from section 73B, have been
allowed or allowable as deductions to the transferor under Division 10D in
respect of the expenditure of the transferor in the acquisition or
construction of the unit; and
    (ii) if there have been 2 or more prior successive applications of
this section - the amounts that would, apart from section 73B, have been
allowed or allowable as deductions to the prior successive transferors under
Division 10D in respect of the expenditure incurred by the earliest prior
successive transferor in the acquisition or construction of the unit;
are taken to have been amounts that would, apart from section 73B, have been
allowed or allowable as deductions to the transferee under Division 10D in
respect of expenditure incurred by the transferee in the acquisition of the
unit.
(Destruction of building etc. - inheritance of transferor's deductions)
  "(12) If, after the disposal of the unit to the transferee, the unit, or a
part of the unit, is destroyed, then, for the purposes of the application of
subsection 73B(25) or (26), as the case may be, in relation to the
destruction:
  (a) whichever of the following is applicable:
    (i) the expenditure incurred by the transferor in the acquisition
or construction of the unit;
    (ii) if there have been 2 or more prior successive applications of
this section - the expenditure incurred by the earliest prior successive
transferor in the acquisition or construction of the unit;
is taken to have been expenditure incurred by the transferee in the
acquisition of the unit; and
  (b) the total of:
    (i) the amounts allowed or allowable as deductions to the
transferor under subsection 73B(17) in relation to the unit; or
    (ii) if there have been 2 or more prior successive applications of
this section - the amounts allowed or allowable as deductions to the prior
successive transferors under subsection 73B(17) in relation to the unit;
are taken to have been amounts allowed or allowable to the transferee as
deductions under subsection 73B(17) in relation to the unit.
(Recoupment of expenditure - consequential amendment of assessments)
  "(13) Section 170 does not prevent the amendment at any time of an
assessment of the transferee where section 73C or 73D has applied to:
  (a) the transferor in respect of the unit; or
  (b) if