Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:15_11:p2
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 15 cl 11 (pt 2/20)
Character Range: 289395–292243

table in subsection 725‑335(3).

      Method statement
           Step 1. Group together all *down interests that:

                (a) are of the kind referred to in the relevant item; and
                (b) immediately before the *decrease time, had the same *adjustable value as the down interest; and
                (c) immediately before that time had the same market value as the down interest; and
                (d) sustained the same decrease in market value as the down interest because of the *direct value shift.

           Step 2. Work out the value shifted from that group of *down interests to the *up interests referred to in the relevant item using the following formula:

           Step 3. Work out the notional adjustable value of the value shifted from that group of *down interests to those *up interests using the formula:

           Step 4. The decrease in the *adjustable value of the *down interest under the relevant item is equal to:

           Step 5. For a *taxing event generating a gain under the relevant item, the amount of the gain is equal to:

725‑370  Uplifts in adjustable values of up interests under certain table items
  Use the following method statement to work out the uplift in *adjustable value of an *up interest under:
 (a) item 1 or 2 of the table in subsection 725‑250(2); or
 (b) item 1 of the table in subsection 725‑335(3).

      Method statement
           Step 1. If the market value of the *up interest increases because of the *direct value shift, group together all up interests of the kind referred to in the relevant item that:

                (a) immediately before the *increase time, had the same *adjustable value as the up interest; and
                (b) sustained the same increase in market value as the up interest because of the *direct value shift.

            If the *up interest is issued at a *discount, group together all *up interests of the kind referred to in the relevant item that:

                (c) immediately before the *increase time, had the same *adjustable value as the up interest; and
                (d) because of the direct value shift, are issued at the same discount as the up interest.

           Step 2. The notional adjustable value of the value shifted from the *down interests referred to in the relevant item to all the *up interests referred to in that item has already been worked out under one or more applications of step 3 of the method statement in section 725‑365.
           Step 3. Use the following formula to work out how much of that notional adjustable value is attributable to the value shifted to the group of *up interests referred to in step 1 of this method statement:

           Step 4. The uplift in the *adjustable value of the *up interest under the relevant item is equal to:

725‑375