Section 522 Adjusted net cost

The amount of the adjusted net cost in relation to a dwelling-house is—

(S - P) x \frac{I}{R}

where—

S is the starting expenditure attributable to the dwelling-house,

P is the amount of any proceeds from the balancing event,

I is the number of days in the relevant period of ownership on which the dwelling-house was a qualifying dwelling-house, and

R is the number of days in the whole of the relevant period of ownership.