Document ID: chunk:federal_register_of_legislation:C2012C00793:section:51:p2
Version: federal_register_of_legislation:C2012C00793
Segment Type: section
Provision Reference: s 51 (pt 2/2)
Character Range: 35383–36504

the reduced cost bases, as the case may be; or
 (b) in any other case—the indexed cost bases, or the reduced cost bases, as the case may be;
to the transferring body of the assets (other than the pre‑CGT assets) if the body had disposed of those assets at the transition.

Attributable Liabilities is the amount of the liabilities, to the extent that they are attributable to the assets (other than the pre‑CGT assets); and

Post‑CGT Shares is the number of post‑CGT shares.

 (6) For the purposes of this section, to the extent that, apart from this subsection, they are not attributable to the assets, the liabilities shall be deemed to be attributable to a particular asset to the extent of the amount calculated in accordance with the formula:

where:

General liabilities is the amount of the liabilities, to the extent that, apart from this subsection, they are not attributable to the assets.

MV of particular asset is the number of dollars in the market value of the particular asset; and

MV of total assets is the number of dollars in the market value of the assets.

Part VIII—Amendments of the Airlines Act