A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.25 Adjustments relating to bad debts
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.25
Adjustments relating to bad debts(a) you have an * adjustment under Division 21 relating to a supply that you made that is a * taxable supply of * real property under the * margin scheme; and
(b) the amount of the adjustment would (apart from this section) exceed 1 / 11 of the * margin for the supply;
the amount of the adjustment is 1 / 11 of the margin for the supply.
(2) This section has effect despite sections 21 - 5 and
21 - 10 (which are about adjustments for writing off and recovering
suppliers' bad debts).