Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:1_2:p19
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 19/21)
Character Range: 101008–103671

250‑150 does not apply, the amount is the *end value of the asset at the end of the arrangement period.
           Step 3. If section 250‑150 does apply, the amount is worked out by:

                (a) multiplying the *end value of the asset at the end of the *arrangement period by the *disallowed capital percentage; and
                (b) then multiplying the adjustable value of the asset at the end of the arrangement period (worked out under section 40‑85) by 100% minus the disallowed capital percentage); and
                (c) then adding the amount obtained under paragraph (a) and the amount obtained under paragraph (b).
 (2) If:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends; and
 (c) a net amount is included in your assessable income in relation to the *financial benefits that are *subject to the deemed loan treatment (taking into account the adjustments under Subdivision 250‑E in relation to the financial benefits that are subject to the deemed loan treatment);
the *cost base, and the *reduced cost base, of the asset are each taken to be reduced at the end of the arrangement period by an amount equal to the difference between:
 (d) the total amounts or values of the financial benefits that were subject to deemed loan treatment; and
 (e) the net amount referred to in paragraph (c).

Note: See subsection (6) in relation to the application of paragraph (d).

 (3) If:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends; and
 (c) a net amount is allowed to you as a deduction in relation to the *financial benefits that are *subject to the deemed loan treatment (taking into account the adjustments under Subdivision 250‑E in relation to the financial benefits that are subject to the deemed loan treatment);
the *cost base, and the *reduced cost base, of the asset are each taken to be reduced at the end of the arrangement period by an amount equal to the sum of:
 (d) the total amounts or values of the financial benefits that were subject to deemed loan treatment; and
 (e) the net amount referred to in paragraph (c).

Note: See subsection (6) in relation to the application of paragraph (d).

 (4) If:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends; and
 (c) a net amount is included in your assessable income in relation to the *financial benefits that are *subject to the deemed loan treatment (taking into account the adjustments under Subdivision 250‑E in relation to the financial benefits