Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p36
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 36/51)
Character Range: 100689–103384

(i) the total amount 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 total amount allowed or allowable as deductions to the
prior successive transferors under subsection 73B(17) in relation to the unit;
and
  (d) the following amounts are allowable deductions to the transferee for the
year of income in which the acquisition of the unit by the transferee took
place:
    (i) the total amount of the deductions (if any) that would have
been allowable to the transferor under section 75B or 124JA or Division 10,
10AAA, 10AA or 10D in relation to the unit if section 73B had not been
enacted; or
    (ii) if there have been 2 or more prior successive applications of
this section - the total amount of the deductions (if any) that would have
been allowable to the prior successive transferors under section 75B or 124JA
or Division 10, 10AAA, 10AA or 10D in relation to the unit if section 73B had
not been enacted; and
  (e) for the purposes of the application of section 75B or 124JA or Division
10, 10AAA, 10AA or 10D to the transferee in relation to the unit:
    (i) whichever of the following is applicable:
      (A) the expenditure incurred by the transferor in the
acquisition or construction of the unit;
      (B) 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
    (ii) a deduction allowable  to the transferee under paragraph (d)
of this subsection in relation to the unit is taken to be a deduction
allowable to the transferee in relation to the unit under section 75B or 124JA
or Division 10, 10AAA, 10AA or 10D, as the case requires.
(Disposal by transferee where no roll-over relief - inheritance of
transferor's deductions)
  "(11) If:
  (a) after the disposal of the unit to the transferee, the transferee
disposes of the unit; and
  (b) this section does not apply to the disposal by the transferee; and
  (c) subsection 73B(27) applies to the disposal by the transferee;
then, for the purposes of the application of subsection 73B(27) in relation to
the disposal:
  (d) 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