Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You have an increasing adjustment if:
(a) you make a * taxable supply of * real property under the * margin scheme; and
(b) an acquisition that you made of part of the interest, unit or lease in question was made through a supply that was * ineligible for the margin scheme; and
(c) you were, or are, entitled to an input tax credit for the acquisition.
The amount of the increasing adjustment is an amount equal to the * previously attributed input tax credit amount for the acquisition.
(2) You have an increasing adjustment if:
(a) you make a * taxable supply of * real property under the * margin scheme; and
(b) you acquired all or part of the interest, unit or lease in question by inheriting it; and
(c) the entity from whom you inherited (the deceased ) had acquired part of the interest, unit or lease that you inherited through a supply that was * ineligible for the margin scheme; and
(d) the deceased was entitled to an input tax credit for that acquisition.
The amount of the increasing adjustment is an amount equal to the * previously attributed input tax credit amount for the acquisition.
(3) You have an increasing adjustment if:
(a) you make a * taxable supply of * real property under the * margin scheme; and
(b) an acquisition that you made of part of the interest, unit or lease in question was made through a supply that was * ineligible for the margin scheme because of paragraph 75 - 5(3)(e), (f) or (g); and
(c) the entity from whom you made the acquisition had been entitled to an input tax credit for its acquisition.
(4) You have an increasing adjustment if:
(a) you make a * taxable supply of * real property under the * margin scheme; and
(b) the acquisition that you made of the interest, unit or lease in question:
(i) was made through a supply that was * GST - free under Subdivision 38 - J or Subdivision 38 - O; or
(ii) was made through a supply (other than a taxable supply) from your * associate without * consideration and in the course or furtherance of an * enterprise that your associate * carried on; or
(iii) was made from your associate but not by means of a supply from your associate; and
(c) the entity from whom you acquired the interest, unit or lease:
(i) acquired part of the interest, unit or lease through a supply that would have been * ineligible for the margin scheme if it had been a supply of the whole of the interest, unit or lease; and
(ii) had been entitled to an input tax credit for its acquisition; and
(iii) was * registered or * required to be registered, at the time of your acquisition of the interest, unit or lease.
(5) The amount of the * increasing adjustment under subsection (3) or (4) is an amount equal to 1 / 11 of:
(a) if you choose to apply an * approved valuation to work out the amount--an approved valuation of the part of the interest, unit or lease referred to in paragraph (3)(b) or subparagraph (4)(c)(i) as at the day on which the entity had acquired it; or
(b) otherwise--the * consideration for the entity's acquisition of that part of the interest, unit or lease.