Regulation 12G

For the purpose of computing the amount of deduction to be allowed to the amalgamated company under section 37O of the Act for transaction costs it incurred for a qualifying acquisition of ordinary shares in another company made during the period from 17 February 2012 to 31 March 2020 (both dates inclusive) (referred to in this paragraph as the subject qualifying acquisition), the reference to “$100,000” in section 37O(15A)(b) of the Act shall be read as a reference to the amount computed in accordance with the formula:where Z5is the aggregate of every amount of transaction cost incurred by an amalgamating company for a qualifying acquisition of ordinary shares in another company (whether or not it is the same target company as that of the first‑mentioned acquisition), being a qualifying acquisition in relation to which the first claim for a deduction for capital expenditure thereon under section 37O of the Act is made in a year of assessment that is the same as that for which the first claim for a deduction under that section for capital expenditure on the subject qualifying acquisition is made by the amalgamated company.