Document ID: chunk:federal_register_of_legislation:C2017A00126:clause:2_4:p2
Version: federal_register_of_legislation:C2017A00126
Segment Type: clause
Provision Reference: sch 2 cl 4 (pt 2/2)
Character Range: 8886–9945

real property in which an interest was supplied to you as part of that supply of the current premises; and
 (d) at any earlier time, no entity was residing in any residential premises in which the asset was used, or installed ready for use, at that earlier time; and
 (e) no amount can be deducted under this Division, or under Subdivision 328‑D, for the asset for any income year by any previous holder of the asset.
Note: An entity residing at an earlier time in other residential premises in the same complex will not cause paragraph (d) to prevent this subsection from applying.
 (5) However, disregard paragraph (4)(d) for an earlier time if:
 (a) the asset was used, or installed ready for use, in the current premises at that time; and
 (b) both that time, and the current supply, happen during the 6‑month period starting on the day the current premises became new residential premises.

Exception—low‑value pools
 (6) Subsection (2) does not apply to *depreciating assets allocated to a low‑value pool.
Note: See Subdivision 40‑E for low‑value pools.