INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-B - Distribution of income or capital 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Section 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Subdivision 272-B - Distribution of income or capital Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-B - Distribution of income or capital 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Section 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Subdivision 272-B - Distribution of income or capital Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-B - Distribution of income or capital 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Section 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Subdivision 272-B - Distribution of income or capital Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-B - Distribution of income or capital 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Section 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Subdivision 272-B - Distribution of income or capital Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 6 - Assessable income and exempt income 6-5 Income according to ordinary concepts (ordinary income) & 6-10 Other assessable income (statutory income) Section 6-5 Income according to ordinary concepts (ordinary income) & 6-10 Other assessable income (statutory income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 6 - Assessable income and exempt income 6-5 Income according to ordinary concepts (ordinary income) , 6-10 Other assessable income (statutory income) Section 6-5 Income according to ordinary concepts (ordinary income) , 6-10 Other assessable income (statutory income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 328 - Small business entities 328-E - Trading stock for small business entities 328-285 Trading stock for small business entities Section 328-285 Trading stock for small business entities Subdivision 328-E - Trading stock for small business entities Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 Section 70-45 Value of trading stock at end of income year Subdivision 70-C - Accounting for trading stock you hold at the start or end of the income year Division 70 - Trading stock Part 2-25 - TRADING STOCK Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-25 - TRADING STOCK 70 - Trading stock 70-C - Accounting for trading stock you hold at the start or end of the income year 70-40 Value of trading stock at start of income year Section 70-40 Value of trading stock at start of income year Subdivision 70-C - Accounting for trading stock you hold at the start or end of the income year Division 70 - Trading stock Part 2-25 - TRADING STOCK Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 328-295 Value of trading stock on hand Subdivision 328-E - Trading stock for small business entities Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 A NEW TAX SYSTEM (AUSTRALIAN BUSINESS NUMBER) 1999 4 - RULES FOR INTERPRETING THIS ACT 15 - The Dictionary 41 DICTIONARY Section 41 DICTIONARY Division 15 - The Dictionary Part 4 - RULES FOR INTERPRETING THIS ACT to the A NEW TAX SYSTEM (AUSTRALIAN BUSINESS NUMBER) Act 1999 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 VA - Tax File Numbers 3 - Quotation of tax file numbers by recipients of eligible PAYG payments 202CD SENDING OF TFN DECLARATION TO COMMISSIONER & 202CF PAYER MUST NOTIFY COMMISSIONER IF NO TFN DECLARATION BY RECIPIENT Section 202CD SENDING OF TFN DECLARATION TO COMMISSIONER & 202CF PAYER MUST NOTIFY COMMISSIONER IF NO TFN DECLARATION BY RECIPIENT Division 3 - Quotation of tax file numbers by recipients of eligible PAYG payments Part VA - Tax File Numbers to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 HIGHER EDUCATION FUNDING 1988 4 Higher Education Contribution Scheme 4.2 CONTRIBUTIONS 44. Issuing of tax file numbers Section 44. Issuing of tax file numbers Part 4.2 CONTRIBUTIONS Chapter 4 Higher Education Contribution Scheme to the HIGHER EDUCATION FUNDING Act 1988 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-6 - THE IMPUTATION SYSTEM 207 - Effect of receiving a franked distribution 207-B - Franked distribution received through certain partnerships and trustees 207-45 Tax offset - distribution flows indirectly to an entity Section 207-45 Tax offset - distribution flows indirectly to an entity Subdivision 207-B - Franked distribution received through certain partnerships and trustees Division 207 - Effect of receiving a franked distribution Part 3-6 - THE IMPUTATION SYSTEM Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-190 RECIPIENT DOES NOT QUOTE ABN Section 6-5 Income according to ordinary concepts (ordinary income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Section 12-190 RECIPIENT DOES NOT QUOTE ABN Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 6 - Assessable income and exempt income 6-5 Income according to ordinary concepts (ordinary income) Section 6-5 Income according to ordinary concepts (ordinary income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Section 12-190 RECIPIENT DOES NOT QUOTE ABN Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Taxation Administration Regulations 1976 6 Withholding — payments to foreign residents etc Regulations 44A Gaming junkets, 44B Entertainment or sports activities, 44C Construction and related activities, 44D Limits on amount withheld under this Division Division 6 Withholding — payments to foreign residents etc to the Taxation Administration Regulations Act 1976 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-1 - ASSESSABLE INCOME 15 - Some items of assessable income 15-10 Bounties and subsidies Section 15-10 Bounties and subsidies Division 15 - Some items of assessable income Part 2-1 - ASSESSABLE INCOME Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-85 INTERPOSED ENTITY ELECTION Section 272-85 INTERPOSED ENTITY ELECTION Subdivision 272-D - Family trust etc. Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 5 - ADMINISTRATION 5-30 - RECORD-KEEPING AND OTHER OBLIGATIONS 900 - Substantiation rules 900-B - Substantiating work expenses 900-30 Meaning of work expense Section 900-30 Meaning of work expense Subdivision 900-B - Substantiating work expenses Division 900 - Substantiation rules Part 5-30 - RECORD-KEEPING AND OTHER OBLIGATIONS Chapter 5 - ADMINISTRATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 5 - Partnerships 90 INTERPRETATION & 92 INCOME AND DEDUCTIONS OF PARTNER Section 90 INTERPRETATION & 92 INCOME AND DEDUCTIONS OF PARTNER Division 5 - Partnerships Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Section 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Division 6 - Trust income Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 394 - Forestry managed investment schemes Division 394 - Forestry managed investment schemes Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 6 - Assessable income and exempt income 6-5 Income according to ordinary concepts (ordinary income) Section 6-5 Income according to ordinary concepts (ordinary income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Section 15-35 Interest on overpayments and early payments of tax Division 15 - Some items of assessable income Part 2-1 - ASSESSABLE INCOME Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) Act 1983 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 394 - Forestry managed investment schemes Division 394 - Forestry managed investment schemes Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-I - Capital expenditure that is deductible over time 40-830 Project pools, 40-832 Project pools for post-9 May 2006 projects, 40-840 Meaning of project amount, 40-845 Project life, 40-860 Meaning of mining capital expenditure & 40-865 Meaning of transport capital expenditure Section 40-830 Project pools, 40-832 Project pools for post-9 May 2006 projects, 40-840 Meaning of project amount, 40-845 Project life, 40-860 Meaning of mining capital expenditure & 40-865 Meaning of transport capital expenditure Subdivision 40-I - Capital expenditure that is deductible over time Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 43 - Deductions for capital works 43-A - Key operative provisions 43-10 Deductions for capital works, 43-20 Capital works to which this Division applies & 43-25 Rate of deduction Sections 43-10 Deductions for capital works, 43-20 Capital works to which this Division applies & 43-25 Rate of deduction Subdivision 43-A - Key operative provisions Division 43 - Deductions for capital works Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 43-140 Using your area in a deductible way Subdivision 43-D - Deductible uses of capital works Division 43 - Deductions for capital works Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-I - Capital expenditure that is deductible over time 40-880 Business related costs Section 40-880 Business related costs Subdivision 40-I - Capital expenditure that is deductible over time Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-H - Capital expenditure that is immediately deductible 40-755 Environmental protection activities Section 40-755 Environmental protection activities Subdivision 40-H - Capital expenditure that is immediately deductible Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX (TRANSITIONAL PROVISIONS) 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 328 - Small business entities 328-120 Continuing to use the STS accounting method Section 328-120 Continuing to use the STS accounting method Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX (TRANSITIONAL PROVISIONS) Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-25 - TRADING STOCK 70 - Trading stock 70-C - Accounting for trading stock you hold at the start or end of the income year 70-50 Valuation if trading stock obsolete etc. Section 70-50 Valuation if trading stock obsolete etc. Subdivision 70-C - Accounting for trading stock you hold at the start or end of the income year Division 70 - Trading stock Part 2-25 - TRADING STOCK Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-B - Core provisions 40-25 Deducting amounts for depreciating assets, 40-30 What a depreciating asset is & 40-60 When a depreciating asset starts to decline in value Section 40-25 Deducting amounts for depreciating assets, 40-30 What a depreciating asset is & 40-60 When a depreciating asset starts to decline in value Subdivision 40-B - Core provisions Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 40-425 Allocating assets to a low-value pool Subdivision 40-E - Low-value and software development pools Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-B - Core provisions 40-25 Deducting amounts for depreciating assets, 40-30 What a depreciating asset is, 40-40 Meaning of hold a depreciating asset & 40-60 When a depreciating asset starts to decline in value Sections 40-25 Deducting amounts for depreciating assets, 40-30 What a depreciating asset is, 40-40 Meaning of hold a depreciating asset & 40-60 When a depreciating asset starts to decline in value Subdivision 40-B - Core provisions Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 40-425 Allocating assets to a low-value pool Subdivision 40-E - Low-value and software development pools Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-D - Balancing adjustments 40-285 Balancing adjustments, 40-290 Reduction for non-taxable use, 40-295 Meaning of balancing adjustment event, 40-300 Meaning of termination value & 40-305 Amount you are taken to have received under a balancing adjustment event Section 40-285 Balancing adjustments, 40-290 Reduction for non-taxable use, 40-295 Meaning of balancing adjustment event, 40-300 Meaning of termination value & 40-305 Amount you are taken to have received under a balancing adjustment event Subdivision 40-D - Balancing adjustments Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-D - Balancing adjustments 40-285 Balancing adjustments, 40-290 Reduction for non-taxable use, 40-295 Meaning of balancing adjustment event, 40-300 Meaning of termination value & 40-305 Amount you are taken to have received under a balancing adjustment event Section 40-285 Balancing adjustments, 40-290 Reduction for non-taxable use, 40-295 Meaning of balancing adjustment event, 40-300 Meaning of termination value & 40-305 Amount you are taken to have received under a balancing adjustment event Subdivision 40-D - Balancing adjustments Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 5 - ADMINISTRATION 5-30 - RECORD-KEEPING AND OTHER OBLIGATIONS 900 - Substantiation rules 900-B - Substantiating work expenses 900-30 Meaning of work expense Section 900-30 Meaning of work expense Subdivision 900-B - Substantiating work expenses Division 900 - Substantiation rules Part 5-30 - RECORD-KEEPING AND OTHER OBLIGATIONS Chapter 5 - ADMINISTRATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6AAA - Special provisions relating to non-resident trust estates etc. A - Preliminary 102AAE LISTED COUNTRY TRUST ESTATES Section 102AAE LISTED COUNTRY TRUST ESTATES Subdivision A - Preliminary Division 6AAA - Special provisions relating to non-resident trust estates etc. Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 328 - Small business entities 328-D - Capital allowances for small business entities 328-180 Low cost assets Section 328-180 Low cost assets Subdivision 328-D - Capital allowances for small business entities Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 328 - Small business entities 328-D - Capital allowances for small business entities 328-185 Pooling Section 328-185 Pooling Subdivision 328-D - Capital allowances for small business entities Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 328 - Small business entities 328-D - Capital allowances for small business entities 328-185 Pooling Section 328-185 Pooling Subdivision 328-D - Capital allowances for small business entities Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Tax Laws Amendment (Small Business and General Business Tax Break) 2009 Tax Laws Amendment (Small Business and General Business Tax Break) Act 2009 National Rental Affordability Scheme (Consequential Amendments) 2008 National Rental Affordability Scheme (Consequential Amendments) Act 2008 (130 of 2008) An Act to amend the Extension of Charitable Purpose Act 2004 and the Income Tax Assessment Act 1997 in relation to the National Rental Affordability Scheme, and for related purposes. [Assented to 28 November 2008] Tax Laws Amendment (Taxation of Financial Arrangements) 2009 Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions & 8-5 Specific deductions Section 8-1 General deductions & 8-5 Specific deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Section 25-90 Deduction relating to foreign non-assessable non-exempt income Division 25 - Some amounts you can deduct Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Division 30 - Gifts or contributions Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Subdivision 375-H - Deductions for shares in a film licensed investment company Division 375 - Australian films Part3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 Section 70B DEDUCTION FOR LOSS ON DISPOSAL OR REDEMPTION OF TRADITIONAL SECURITIES Subdivision A - General Division 3 - Deductions Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 TAXATION ADMINISTTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 5 - Administration 5-25 - RECORD-KEEPING AND OTHER OBLIGATIONS OF TAXPAYERS 388 - Requirements about giving material to the Commissioner 388-B - General provisions 388-50 APPROVED FORMS Section 388-50 APPROVED FORMS Subdivision 388-B - General provisions Division 388 - Requirements about giving material to the Commissioner Part 5-25 - RECORD-KEEPING AND OTHER OBLIGATIONS OF TAXPAYERS Chapter 5 - Administration Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTTRATION Act 1953 Tax Laws Amendment (Taxation of Financial Arrangements) 2009 Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 Tax Laws Amendment (Taxation of Financial Arrangements) 2009 Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 INCOME TAX ASSESSMENT 1936 I - PRELIMINARY 6 INTERPRETATION Section 6 INTERPRETATION Part I - PRELIMINARY to the INCOME TAX ASSESSMENT Act 1936 Section 976-1 Franked part of a distribution Division 976 - Imputation Chapter 6 - THE DICTIONARY to the INCOME TAX ASSESSMENT Act 1997 Section 207-5 Overview Division 207 - Effect of receiving a franked distribution Part 3-6 - THE IMPUTATION SYSTEM Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-6 - THE IMPUTATION SYSTEM 205 - Franking accounts, franking deficit tax liabilities and the related tax offset 205-15 Franking credits Section 205-15 Franking credits Division 205 - Franking accounts, franking deficit tax liabilities and the related tax offset Part 3-6 - THE IMPUTATION SYSTEM Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 Subdivisions 207-B - Franked distribution received through certain partnerships and trustees, 207-D - No gross-up or tax offset where distribution would not be taxed & 207-F - No gross-up or tax offset where the imputation system has been manipulated Division 207 - Effect of receiving a franked distribution Part 3-6 - THE IMPUTATION SYSTEM Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-6 - THE IMPUTATION SYSTEM 207 - Effect of receiving a franked distribution 207-B - Franked distribution received through certain partnerships and trustees 207-57 Share of the franking credit on a franked distribution Section 207-57 Share of the franking credit on a franked distribution Subdivision 207-B - Franked distribution received through certain partnerships and trustees Division 207 - Effect of receiving a franked distribution Part 3-6 - THE IMPUTATION SYSTEM Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Section 820-35 Application - $250,000 threshold & 820-37 Application - assets threshold Subdivision 820-A - Preliminary Division 820 - Thin capitalisation rules Part 4-5 - GENERAL Chapter 4 - INTERNATIONAL ASPECTS OF INCOME TAX to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Tax Laws Amendment (Taxation of Financial Arrangements) 2009 Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-85 INTERPOSED ENTITY ELECTION Section 272-85 INTERPOSED ENTITY ELECTION Subdivision 272-D - Family trust etc. Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-90 - CONSOLIDATED GROUPS 713 - Rules for particular kinds of entities 713-E - Partnerships Subdivision 713-E - Partnerships Division 713 - Rules for particular kinds of entities Part 3-90 - CONSOLIDATED GROUPS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT ACT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-42 - PERSONAL SERVICES INCOME 84 - Introduction 84-5 Meaning of personal services income Section 84-5 Meaning of personal services income Division 84 - Introduction Part 2-42 - PERSONAL SERVICES INCOME Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT ACT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-20 - TAX OFFSETS 61 - Generally applicable tax offsets 61-J - 25% entrepreneurs' tax offset Subdivision 61-J - 25% entrepreneurs' tax offset Division 61 - Generally applicable tax offsets Part 2-20 - TAX OFFSETS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 328-375 Meaning of STS group turnover Subdivision 328-F - Entities eligible to be STS taxpayers Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-20 - TAX OFFSETS 61 - Generally applicable tax offsets 61-J - 25% entrepreneurs' tax offset Subdivision 61-J - 25% entrepreneurs' tax offset Division 61 - Generally applicable tax offsets Part 2-20 - TAX OFFSETS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 328-375 Meaning of STS group turnover Subdivision 328-F - Entities eligible to be STS taxpayers Division 328 - Small business entities Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 Tax Laws Amendment (2009 Measures No. 1) 2009 Tax Laws Amendment (2009 Measures No. 1) Act 2009 Tax Laws Amendment (2009 Measures No. 1) 2009 Tax Laws Amendment (2009 Measures No. 1) Act 2009 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-B - Distribution of income or capital 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Section 272-55 PARTNERSHIP DISTRIBUTION TO PARTNER Subdivision 272-B - Distribution of income or capital Division 272 - Interpretation Schedule 2F - TRUST LOSSES AND OTHER DEDUCTIONS to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-190 RECIPIENT DOES NOT QUOTE ABN Section 12-190 RECIPIENT DOES NOT QUOTE ABN Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Section 18-20 TAX CREDIT WHERE RECIPIENT IS A PARTNERSHIP Subdivision 18-A - Crediting withheld amounts against liability for income tax, withholding tax or mining withholding tax Division 18 - Recipient's entitlements and obligations Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-F - Dividend, interest and royalty payments 12-210 DIVIDEND PAYMENT TO OVERSEAS PERSON, 12-215 DIVIDEND PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-250 INTEREST PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-280 ROYALTY PAYMENT TO OVERSEAS PERSON & 12-285 ROYALTY PAYMENT RECEIVED FOR FOREIGN RESIDENT Section 12-210 DIVIDEND PAYMENT TO OVERSEAS PERSON, 12-215 DIVIDEND PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-250 INTEREST PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-280 ROYALTY PAYMENT TO OVERSEAS PERSON & 12-285 ROYALTY PAYMENT RECEIVED FOR FOREIGN RESIDENT Subdivision 12-F - Dividend, interest and royalty payments Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-20 - TAX OFFSETS 61 - Generally applicable tax offsets 61-J - 25% entrepreneurs' tax offset 61-510 25% entrepreneurs' tax offset: partner in a partnership, 61-515 25% entrepreneurs' tax offset: trustee of a trust & 61-520 25% entrepreneurs' tax offset: beneficiary of a trust Section 61-510 25% entrepreneurs' tax offset: partner in a partnership, 61-515 25% entrepreneurs' tax offset: trustee of a trust & 61-520 25% entrepreneurs' tax offset: beneficiary of a trust Subdivision 61-J - 25% entrepreneurs' tax offset Division 61 - Generally applicable tax offsets Part 2-20 - TAX OFFSETS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-25 - TRADING STOCK 70 - Trading stock 70-A - What is trading stock 70-10 Meaning of trading stock Section 70-10 Meaning of trading stock Subdivision 70-A - What is trading stock Division 70 - Trading stock Part 2-25 - TRADING STOCK Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Taxation Rulings: TR 98/7 Income tax: whether packaging items (ie, containers, labels, etc) held by a manufacturer, wholesaler or retailer are trading stock TR 98/8 Income tax: whether materials and spare parts held by a taxpayer supplying services are trading stock INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS 25 - Some amounts you can deduct 25-35 Bad debts Section 25-35 Bad debts Division 25 - Some amounts you can deduct Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Section 65 PAYMENTS TO ASSOCIATED PERSONS AND RELATIVES Subdivision A - General Division 3 - Deductions Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Division 28 - Car expenses Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Paragraph 'car' Section 995-1 Definitions Division 995 - Definitions Part 6-5 - DICTIONARY DEFINITIONS Chapter 6 - THE DICTIONARY to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS 28 - Car expenses 28-C - The ``cents per kilometre'' method, 28-D - The ``12% of original value'' method, 28-E - The ``one-third of actual expenses'' method & 28-F - The ``log book'' method Subdivision 28-C - The ``cents per kilometre'' method, 28-D - The ``12% of original value'' method, 28-E - The ``one-third of actual expenses'' method & 28-F - The ``log book'' method Division 28 - Car expenses Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS 25 - Some amounts you can deduct 25-10 Repairs Section 25-10 Repairs Division 25 - Some amounts you can deduct Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-10 Simplified outline of this Division Section 40-10 Simplified outline of this Division Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-190 RECIPIENT DOES NOT QUOTE ABN Section 12-190 RECIPIENT DOES NOT QUOTE ABN Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Sections 18-20 TAX CREDIT WHERE RECIPIENT IS A PARTNERSHIP & 18-25 TAX CREDIT WHERE RECIPIENT IS A TRUST Subdivision 18-A - Crediting withheld amounts against liability for income tax, withholding tax or mining withholding tax Division 18 - Recipient's entitlements and obligations Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER & 12-145 INVESTOR BECOMING PRESENTLY ENTITLED TO INCOME OF A UNIT TRUST Section 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER & 12-145 INVESTOR BECOMING PRESENTLY ENTITLED TO INCOME OF A UNIT TRUST Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Section 14-55 LIABILITY FOR TFN WITHHOLDING TAX Subdivision 14-B - Accruing gains Division 14 - Non-cash benefits, and accruing gains, for which amounts must be paid to the Commissioner Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Regulations 34 WHEN TAXPAYER TAKEN TO HAVE FURNISHED RETURN & 35 PERSONS MUST ENSURE RETURN IS RECEIVED Part 4 - RETURNS AND ASSESSMENTS to the INCOME TAX REGULATIONS 1936 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-F - Dividend, interest and royalty payments 12-210 DIVIDEND PAYMENT TO OVERSEAS PERSON, 12-215 DIVIDEND PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-250 INTEREST PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-280 ROYALTY PAYMENT TO OVERSEAS PERSON & 12-285 ROYALTY PAYMENT RECEIVED FOR FOREIGN RESIDENT Section 12-210 DIVIDEND PAYMENT TO OVERSEAS PERSON, 12-215 DIVIDEND PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-250 INTEREST PAYMENT RECEIVED FOR FOREIGN RESIDENT, 12-280 ROYALTY PAYMENT TO OVERSEAS PERSON & 12-285 ROYALTY PAYMENT RECEIVED FOR FOREIGN RESIDENT Subdivision 12-F - Dividend, interest and royalty payments Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 INCOME TAX ASSESSMENT 1936 I - PRELIMINARY 6 INTERPRETATION Section 6 INTERPRETATION Part I - PRELIMINARY to the INCOME TAX ASSESSMENT Act 1936 Section 6-5 Income according to ordinary concepts (ordinary income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS 25 - Some amounts you can deduct 25-5 Tax-related expenses, 25-10 Repairs, 25-20 Lease document expenses, 25-25 Borrowing expenses & 25-30 Expenses of discharging a mortgage Section 25-5 Tax-related expenses, 25-10 Repairs, 25-20 Lease document expenses, 25-25 Borrowing expenses & 25-30 Expenses of discharging a mortgage Division 25 - Some amounts you can deduct Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER & 12-145 INVESTOR BECOMING PRESENTLY ENTITLED TO INCOME OF A UNIT TRUST Section 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER & 12-145 INVESTOR BECOMING PRESENTLY ENTITLED TO INCOME OF A UNIT TRUST Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Section 14-55 LIABILITY FOR TFN WITHHOLDING TAX Subdivision 14-B - Accruing gains Division 14 - Non-cash benefits, and accruing gains, for which amounts must be paid to the Commissioner Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Regulations 34 WHEN TAXPAYER TAKEN TO HAVE FURNISHED RETURN & 35 PERSONS MUST ENSURE RETURN IS RECEIVED Part 4 - RETURNS AND ASSESSMENTS to the INCOME TAX REGULATIONS 1936 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 2 - Income D - Dividends 44 DIVIDENDS Section 44 DIVIDENDS Subdivision D - Dividends Division 2 - Income Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2 - Collection, recovery and administration of income tax 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER , 12-160 INVESTMENT BODY UNAWARE THAT EXEMPTION FROM QUOTING TFN HAS STOPPED APPLYING, 12-165 EXCEPTION FOR FULLY FRANKED DIVIDEND & 12-170 EXCEPTION FOR PAYMENTS BELOW THRESHOLDS SET BY REGULATIONS 12-140(1) Sections 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER , 12-160 INVESTMENT BODY UNAWARE THAT EXEMPTION FROM QUOTING TFN HAS STOPPED APPLYING, 12-165 EXCEPTION FOR FULLY FRANKED DIVIDEND & 12-170 EXCEPTION FOR PAYMENTS BELOW THRESHOLDS SET BY REGULATIONS Subsection 12-140(1) Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Chapter 2 - Collection, recovery and administration of income tax Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Section 202D EXPLANATION OF TERMS: INVESTMENT, INVESTOR, INVESTMENT BODY Division 4 - Quotation of tax file numbers in connection with certain investments Part VA - TAX FILE NUMBERS to the INCOME TAX ASSESSMENT Act 1936 Regulation 35 PART VA INVESTMENT PAYMENTS BELOW CERTAIN THRESHOLDS (ACT S 12-140 AND 12-145 OF SCHEDULE 1) Division 3 - Payments in respect of which ABNs or TFNs not quoted and Part VA investment payments Part 5 - PAY AS YOU GO WITHHOLDING to the TAXATION ADMINISTRATION REGULATIONS 1976 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 6 - Assessable income and exempt income 6-5 Income according to ordinary concepts (ordinary income) & 6-10 Other assessable income (statutory income) Section 6-5 Income according to ordinary concepts (ordinary income) & 6-10 Other assessable income (statutory income) Division 6 - Assessable income and exempt income Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions & 8-5 Specific deductions Section 8-1 General deductions & 8-5 Specific deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Section 25-90 Deduction relating to foreign non-assessable non-exempt income Division 25 - Some amounts you can deduct Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Division 30 - Gifts or contributions Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Division 40 - Capital allowances Part 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 Subdivision 375-H - Deductions for shares in a film licensed investment company Division 375 - Australian films Part3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 Section 70B DEDUCTION FOR LOSS ON DISPOSAL OR REDEMPTION OF TRADITIONAL SECURITIES Subdivision A - General Division 3 - Deductions Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES 3 - Control interests, attribution interests, attributable taxpayers and attribution percentages Division 3 - Control interests, attribution interests, attributable taxpayers and attribution percentages Part X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-1 - ASSESSABLE INCOME 15 - Some items of assessable income 15-10 Bounties and subsidies Section 15-10 Bounties and subsidies Division 15 - Some items of assessable income Part 2-1 - ASSESSABLE INCOME Chapter 2 - LIABILITY RULES OF GENERAL APPLICATION to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 5 - Partnerships 90 INTERPRETATION & 92 INCOME AND DEDUCTIONS OF PARTNER Section 90 INTERPRETATION & 92 INCOME AND DEDUCTIONS OF PARTNER Division 5 - Partnerships Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 Section 6AB FOREIGN INCOME AND FOREIGN TAX Part I - PRELIMINARY to the INCOME TAX ASSESSMENT Act 1936 Section 802-30 Foreign source income amounts Subdivision 802-A - Conduit foreign income Division 802 - Foreign residents' income with an underlying foreign source Part 4-5 - GENERAL Chapter 4 - INTERNATIONAL ASPECTS OF INCOME TAX to the INCOME TAX ASSESSMENT Act 1997 Paragraph 768-540(2) Section 768-540 Active foreign business assets of a foreign company Subdivision 768-G - Reduction in capital gains and losses arising from CGT events in relation to certain voting interests in active foreign companies Division 5 - Partnerships Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Section 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Division 6 - Trust income Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Section 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Division 6 - Trust income Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 3 - Deductions H - Period of deductibility of certain advance expenditure 82KZM EXPENDITURE BY SMALL BUSINESS ENTITIES AND INDIVIDUALS INCURRING NON-BUSINESS EXPENDITURE, 82KZMA APPLICATION OF SECTION 82KZMD, 82KZMB EXPENDITURE WITH ELIGIBLE SERVICE PERIOD ENDING UP TO 13 MONTHS LATER, 82KZMC LIMITING THE TOTALS OF LATER YEAR AMOUNTS, 82KZMD BUSINESS EXPENDITURE AND NON-BUSINESS EXPENDITURE BY NON-INDIVIDUAL, 82KZME EXPENDITURE UNDER SOME AGREEMENTS & 82KZMF PROPORTIONAL DEDUCTION Section 82KZM EXPENDITURE BY SMALL BUSINESS ENTITIES AND INDIVIDUALS INCURRING NON-BUSINESS EXPENDITURE, 82KZMA APPLICATION OF SECTION 82KZMD, 82KZMB EXPENDITURE WITH ELIGIBLE SERVICE PERIOD ENDING UP TO 13 MONTHS LATER, 82KZMC LIMITING THE TOTALS OF LATER YEAR AMOUNTS, 82KZMD BUSINESS EXPENDITURE AND NON-BUSINESS EXPENDITURE BY NON-INDIVIDUAL, 82KZME EXPENDITURE UNDER SOME AGREEMENTS & 82KZMF PROPORTIONAL DEDUCTION Subdivision H - Period of deductibility of certain advance expenditure Division 3 - Deductions Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 Section 8-5 Specific deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 Division 820 - Thin capitalisation rules Part 4-5 - GENERAL Chapter 4 - INTERNATIONAL ASPECTS OF INCOME TAX to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Division 8 - Deductions Part 1-3 - CORE PROVISIONS Chapter 1 - INTRODUCTION AND CORE PROVISIONS to the INCOME TAX ASSESSMENT Act 1997 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Section 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY Division 6 - Trust income Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 5 - Partnerships 94 PARTNER NOT HAVING CONTROL AND DISPOSAL OF SHARE IN PARTNERSHIP INCOME Section 94 PARTNER NOT HAVING CONTROL AND DISPOSAL OF SHARE IN PARTNERSHIP INCOME Division 5 - Partnerships Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 Tax Laws Amendment (Taxation of Financial Arrangements) 2009 Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 TAXATION ADMINISTRATION 1953 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING 12 - Payments from which amounts must be withheld 12-E - Payments where TFN or ABN not quoted 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER Section 12-140 RECIPIENT DOES NOT QUOTE TAX FILE NUMBER Subdivision 12-E - Payments where TFN or ABN not quoted Division 12 - Payments from which amounts must be withheld Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Section 18-20 TAX CREDIT WHERE RECIPIENT IS A PARTNERSHIP Subdivision 18-A - Crediting withheld amounts against liability for income tax, withholding tax or mining withholding tax Division 18 - Recipient's entitlements and obligations Part 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING Schedule 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES to the TAXATION ADMINISTRATION Act 1953 Section 202D EXPLANATION OF TERMS: INVESTMENT, INVESTOR, INVESTMENT BODY Division 4 - Quotation of tax file numbers in connection with certain investments Part VA - TAX FILE NUMBERS to the INCOME TAX ASSESSMENT Act 1936