Section 685: Apportionment of amounts
2127.This section stipulates how various amounts are to be apportioned for the purposes of this Chapter. It is based on section 768E of, and paragraphs 6, 7 and 8 of Schedule 28A to, ICTA.
2128.The source legislation obliges the reader to tally sub-paragraphs of paragraph 6 of Schedule 28A to ICTA with sub-paragraphs of paragraph 7(1) of that Schedule. This is inconvenient, as the sub-paragraphs are not always in one-to-one correspondence and the legislation has been amended several times. Paragraphs 6 and 7(1) of that Schedule have therefore been rewritten in subsection (2) as a two-column table.
2129.Detailed comments on the table are given below.
| Row | Origin |
|---|---|
| 1 and 2 | Paragraphs 6(da) and 7(1)(c) of Schedule 28A to ICTA. In rows 1 and 2, the opportunity has been taken to deal with profits and deficits separately. |
| 3 | Paragraphs 6(db) and 7(1)(d)(i) and (e)(i) of Schedule 28A to ICTA. |
| 4 | Paragraphs 6(dc) and 7(1)(b) of Schedule 28A to ICTA. |
| 5 | Paragraphs 6(de) and 7(1)(g) of Schedule 28A to ICTA. |
| 6 | Paragraphs 6(df) and 7(1)(h) of Schedule 28A to ICTA. |
| 7 | Paragraphs 6(a) and 7(1)(a) of Schedule 28A to ICTA. |
| – | Paragraphs 6(b) and 7(1)(aa) of Schedule 28A to ICTA are repealed as obsolete. See the commentary on the amendments made to section 768B of ICTA by Schedule 1. |
| 8 | Paragraphs 6(c) and 7(1)(b) of Schedule 28A to ICTA. |
| 9 | Paragraphs 6(d) and 7(1)(c) of Schedule 28A to ICTA. |
| 10 | Paragraphs 6(e) and 7(1)(c) of Schedule 28A to ICTA. |
2130.In rewriting paragraph 8 of Schedule 28A to ICTA, subsection (3) omits both instances of “appears”. See the commentary on section 674.
