Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_44
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 44
Character Range: 23846–24908

44  Paragraphs 160ZZPU(2)(a) and (b)
Repeal the paragraphs, substitute:
 (a) the taxpayer must apportion the whole of the net goodwill roll‑over amount among the nominated replacement assets in such manner as the taxpayer determines but 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; and
 (b) if an amount is apportioned to an asset—the amount is to be applied, at the time of the acquisition of the asset by the taxpayer, in reduction of the following amounts in such proportions as the taxpayer determines:
 (i) the amount that, at the time of the acquisition of the asset, was the consideration in respect of the acquisition of the asset;
 (ii) the amount that, at that time, was the total of the incidental costs to the taxpayer of the acquisition of the asset.