If a taxpayer holds a qualifying security for all or part of a year of income, the effect on the taxpayer's taxable income is determined by working out the accrual amount (see section
) for each accrual period (see section
) in the year of income and then summing the accrual amounts.
159GQ(2)Positive sum assessable.
If the sum is a positive amount, the amount is included in the assessable income of the taxpayer of the year of income.
159GQ(3)Negative sum deductible.
If the sum is a negative amount, a deduction of the amount is allowable in the assessment of the taxpayer of the year of income.