Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A * down interest or * up interest of which you are an * affected owner may be covered by 2 or more items in the table in subsection 725 - 250(2).
(2) If the * cost base or * reduced cost base of the same * down interest or * up interest is decreased or uplifted under 2 or more items, it is decreased or uplifted by the total of the amounts worked out under those items.
Note: If subsection 725 - 250(3) is relevant, it will affect all the uplifts worked out under all those items.
(3) If for a particular * down interest there is a * taxing event generating a gain under an item in the table in section 725 - 245, that taxing event is in addition to:
(a) each taxing event generating a gain for that interest under any other item in that table; and
(b) each decrease in the * cost base or * reduced cost base of the interest under an item in the table in subsection 725 - 250(2).
Table of sections
725 - 310 Consequences for down interest or up interest as trading stock
725 - 315 Adjustable value of trading stock
725 - 320 Consequences for down interest or up interest as a revenue asset
725 - 325 Adjustable value of revenue asset
725 - 335 How to work out those consequences
725 - 340 Multiple trading stock or revenue asset consequences for the same down interest or up interest