Document ID: chunk:federal_register_of_legislation:C2025C00014:section:4:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 4 (pt 2/2)
Character Range: 415419–416733

the building or the part of the building; and
 (d) if there have been 2 or more prior successive applications of this section—the deductions allowed or allowable to the prior successive transferors under subsection 73A(2) in relation to the building or the part of the building;
are taken to have been deductions allowed or allowable to the transferee under subsection 73A(2) in relation to the building or the part of the building.

Meaning of cost
 (6) A reference in this section to the cost of a building or of a part of a building to the transferor is a reference to expenditure of a capital nature incurred by the transferor in the construction or acquisition of the building or the part of the building, or in making any alteration or addition to the building or to the part of the building.

Second or subsequent application of section—paragraph (1)(b) does not apply
 (7) If, apart from this subsection, this section has applied to the disposal of the building or the part of the building to the transferee, then, in working out whether this section applies to a subsequent disposal of the building or the part of the building by:
 (a) the transferee; or
 (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions) had not been enacted.