Document ID: chunk:federal_register_of_legislation:C2004A01364:clause:3_19
Version: federal_register_of_legislation:C2004A01364
Segment Type: clause
Provision Reference: sch 3 cl 19
Character Range: 14071–14992

19  Subsection 40‑565(2) (method statement)
Repeal the method statement, substitute:

      Method statement
           Step 1. Work out the total of the amounts you could have deducted under this Subdivision for the *horticultural plant for the period:
                  (a) starting when the plant could first be used for *commercial horticulture; and
                  (b) ending when it was destroyed;
            assuming that, during that period, you satisfied a condition in section 40‑525 for the plant and used it for commercial horticulture.
           Step 2. Subtract from the capital expenditure that is attributable to the establishment of the *horticultural plant:
                  (a) the result from step 1; and
                  (b) any amount you received (under an insurance policy or otherwise) for the destruction.
            The remaining amount (if any) is your deduction under subsection (1).