Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_29
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 20216–21113

29  Subsection 160ZZPK(1) (definition of total goodwill cost base)
Repeal the definition, substitute:

total goodwill cost base, in relation to a taxpayer in relation to a disposal year of income, means the amount that, apart from this Division, would be:
 (a) the sum (worked out at the time of acquisition) of the consideration in respect of, and the incidental costs to the taxpayer of, the acquisition of the replacement goodwill asset nominated by the taxpayer in respect of a net goodwill roll‑over amount that applies to the taxpayer in respect of that year of income; or
 (b) if the taxpayer nominated 2 or more replacement goodwill assets in respect of such a net goodwill roll‑over amount—the sum (worked out at the time of the relevant acquisition) of the considerations in respect of, and the incidental costs to the taxpayer of, the acquisition of those replacement goodwill assets.