Document ID: chunk:federal_register_of_legislation:C2025C00126:section:17:p3
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 17 (pt 3/3)
Character Range: 111326–113362

input tax credit amount).
 (2) In working out the *corrected input tax credit amount for the acquisition:
 (a) take into account any change of circumstances that has given rise to an adjustment for the acquisition under this Subdivision or Division 21, 129, 133 or 134; and
 (b) if an adjustment relating to the acquisition under Division 131 was attributable to an earlier tax period:
 (i) do not take into account that adjustment; and
 (ii) treat the acquisition as one in relation to which Division 131 had not applied.

19‑75  Previously attributed input tax credit amounts
  The previously attributed input tax credit amount for an acquisition is:
 (a) the amount of any input tax credit that was attributable to a tax period in respect of the acquisition; minus
 (b) the sum of any *increasing adjustments, under this Subdivision or Division 21, 129, 131 or 134, that were previously attributable to a tax period in respect of the acquisition; plus
 (c) the sum of any *decreasing adjustments, under this Subdivision or Division 21, 129 or 133, that were previously attributable to a tax period in respect of the acquisition.

19‑80  Increasing adjustments for acquisitions
  If the *previously attributed input tax credit amount is greater than the *corrected input tax credit amount, you have an increasing adjustment equal to the difference between the previously attributed input tax credit amount and the corrected input tax credit amount.

19‑85  Decreasing adjustments for acquisitions
  If the *previously attributed input tax credit amount is less than the *corrected input tax credit amount, you have a decreasing adjustment equal to the difference between the corrected input tax credit amount and the previously attributed input tax credit amount.

19‑99  Special rules relating to adjustment events
  Chapter 4 contains special rules relating to *adjustment events in particular cases, as follows:

Checklist of special rules
Item                        For this case ...                                          See: