Document ID: chunk:federal_register_of_legislation:C2005A00078:clause:6_16:p4
Version: federal_register_of_legislation:C2005A00078
Segment Type: clause
Provision Reference: sch 6 cl 16 (pt 4/4)
Character Range: 29108–30686

was, a member of the GST group;
  had not been paid in full at the time of the later supply;
treat the amount of the consideration as having been reduced by the amount of unpaid consideration referred to in paragraph (b).

Note: If you subsequently pay more of the consideration for the earlier supply, you may have a decreasing adjustment: see section 75‑27.

75‑13  Working out margins to take into account supplies to associates

  In working out the *margin for a *taxable supply of *real property you make to an entity who is your *associate at the time of the supply, treat the *consideration for the supply as if it were the same as the *GST inclusive market value of the interest, unit or lease at the time of the supply.

75‑14  Consideration for acquisition of real property not to include cost of improvements etc.

 (1) To avoid doubt, in working out the *consideration for an acquisition for the purposes of applying the *margin scheme to a *taxable supply of *real property, disregard:
 (a) the cost or value of any other acquisitions that have been made by you, or any work that has been performed, in relation to the real property; and
 (b) the cost or value of any other acquisitions that are intended to be made by you, or any work that is intended to be performed, in relation to the real property after its acquisition;
including acquisitions or work connected with bringing into existence the interest, unit or lease supplied.

 (2) This section does not affect what constitutes *consideration for a purpose not connected with applying the *margin scheme.