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 159GQB) for each accrual period (see section 159GQA) 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.