Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_49
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 49
Character Range: 28097–29005

49  Paragraphs 160ZZPW(4)(a) and (b)
Repeal the paragraphs, substitute:
 (a) the taxpayer must apportion so much of the net goodwill roll‑over amount as is equal to the total goodwill cost base among the replacement assets that are nominated in respect of the net goodwill roll‑over amount 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 consideration in respect of the acquisition of the asset and the incidental costs to the taxpayer of the acquisition of the asset are each taken, at the time of the acquisition of the asset by the taxpayer, to be nil; and