DI 6Relationship to cost, calculations, etc, in other provisions

1. For a person (person A) allowed a deduction under section DI 5 for a new investment asset, and for a person that is a new asset transferee in relation to person A and the asset,—

2. the asset’s adjusted tax value, base value, cost, or value, as applicable, is reduced by the amount of person A’s deduction for the purposes of quantifying the amount of depreciation loss under subpart EE (Depreciation) for the asset:
3. the relevant diminished value, expenditure, cost, value, or consideration, as applicable, is reduced by the amount of person A’s deduction for the purposes of quantifying the amount of a deduction under subparts DO (Farming and aquacultural business expenditure), DP (Forestry expenditure), DT (Petroleum mining expenditure), and DU (Mineral mining expenditure) for the asset.