Document ID: chunk:federal_register_of_legislation:C2011C00702:clause:2_388
Version: federal_register_of_legislation:C2011C00702
Segment Type: clause
Provision Reference: sch 2 cl 388
Character Range: 92944–93457

388  Paragraph 159GM(b)
Repeal the paragraph, substitute:
 (b) the expenditure by reason of which the item of property is eligible capital expenditure property is the amount that:
 (i) was the cost of the item of property to the taxpayer who incurred the expenditure for the purpose of the former Subdivision 42‑B, or Subdivision 40‑C, of the Income Tax Assessment Act 1997; or
 (ii) would have been the cost to the taxpayer for the purpose of that Subdivision if it applied in relation to the item of property;