Document ID: chunk:federal_register_of_legislation:C2004A01369:clause:2_9
Version: federal_register_of_legislation:C2004A01369
Segment Type: clause
Provision Reference: sch 2 cl 9
Character Range: 18080–18609

9  After subsection 72‑45(1)
Insert:

 (1A) However, if:
 (a) an *annual apportionment election that you have made has effect at the end of the tax period to which the input tax credit is attributable; and
 (b) the acquisition is not an acquisition of a kind specified in the regulations made for the purposes of paragraph 131‑40(1)(b);
the amount of the input tax credit on the acquisition is worked out under section 131‑40 as if you had provided, or had been liable to provide, all of the *consideration for the acquisition.