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 Section 40-25 Deducting amounts for depreciating assets & 40-30 What a depreciating asset is 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 328-175 Calculations for depreciating 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 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 TAX 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-FB - Payments to foreign residents etc. Subdivision 12-FB - Payments to foreign residents etc. 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 TAX ADMINISTRATION Act 1953 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 TAX 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-FB - Payments to foreign residents etc. Subdivision 12-FB - Payments to foreign residents etc. 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 TAX 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-C - Superannuation payments, employment termination payments and unused leave payments 12-85 SUPERANNUATION LUMP SUMS AND EMPLOYMENT TERMINATION PAYMENTS Section 12-85 SUPERANNUATION LUMP SUMS AND EMPLOYMENT TERMINATION PAYMENTS Subdivision 12-C - Superannuation payments, employment termination payments and unused leave 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 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-C - Superannuation payments, employment termination payments and unused leave payments 12-85 SUPERANNUATION LUMP SUMS AND EMPLOYMENT TERMINATION PAYMENTS Section 12-85 SUPERANNUATION LUMP SUMS AND EMPLOYMENT TERMINATION PAYMENTS Subdivision 12-C - Superannuation payments, employment termination payments and unused leave 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 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Subdivision 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 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 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-80 FAMILY TRUST ELECTION & 272-85 INTERPOSED ENTITY ELECTION Section 272-80 FAMILY TRUST ELECTION & 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 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Subdivision 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 3-6 - THE IMPUTATION SYSTEM 207 - Effect of receiving a franked distribution 207-B - Franked distribution received through certain partnerships and trustees 207-35 Gross-up - distribution made to, or flows indirectly through, a partnership or trustee Section 207-35 Gross-up - distribution made to, or flows indirectly through, a partnership or trustee 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 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 207-35 Gross-up - distribution made to, or flows indirectly through, a partnership or trustee Section 207-35 Gross-up - distribution made to, or flows indirectly through, a partnership or trustee 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 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 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 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 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 1997 4 - INTERNATIONAL ASPECTS OF INCOME TAX 4-5 - GENERAL 802 - Foreign residents' income with an underlying foreign source 802-A - Conduit foreign income 802-5 What this Subdivision is about Section 802-5 What this Subdivision is about 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 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 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 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 Paragraph Franking credits Section 995-1 Definitions Division 995 - Definitions Part 6-5 - DICTIONARY DEFINITIONS 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 Section 207-15 Applying the general rule Subdivision 207-A - Effect of receiving a franked distribution generally 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 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 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-80 FAMILY TRUST ELECTION & 272-85 INTERPOSED ENTITY ELECTION Section 272-80 FAMILY TRUST ELECTION & 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 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 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 63 BAD DEBTS Subdivision A - General Division 3 - Deductions Part 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS Chapter III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions Section 8-1 General deductions Subdivision 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 Subdivision 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 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 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 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, 12-245 INTEREST PAYMENT TO OVERSEAS PERSON, 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, 12-245 INTEREST PAYMENT TO OVERSEAS PERSON, 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 1997 3 - SPECIALIST LIABILITY RULES 3-6 - THE IMPUTATION SYSTEM 205 - Franking accounts, franking deficit tax liabilities and the related tax offset 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 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 III - LIABILITY TO TAXATION 3 - Deductions D - Losses and outgoings incurred under certain tax avoidance schemes 82KH INTERPRETATION Section 82KH INTERPRETATION Subdivision D - Losses and outgoings incurred under certain tax avoidance schemes Division 3 - Deductions Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 Section 157 APPLICATION OF DIVISION TO PRIMARY PRODUCERS Division 16 - Averaging of incomes Part III - LIABILITY TO TAXATION to the INCOME TAX ASSESSMENT Act 1936 Section 115-280 Deduction for certain dividends Subdivision 115-D - Tax relief for shareholders in listed investment companies Division 115 - Discount capital gains and trusts' net capital gains Part 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS Chapter 3 - SPECIALIST LIABILITY RULES to the INCOME TAX ASSESSMENT Act 1997 Division 385 - Primary production Part 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS Chapter 3 - SPECIALIST LIABILITY RULES 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 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 272-80(1) Nature of election Section 272-80 FAMILY TRUST ELECTION Subsection 272-80(1) Nature of 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 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-80 FAMILY TRUST ELECTION INCOME TAX ASSESSMENT 1997 6 - THE DICTIONARY 6-5 - DICTIONARY DEFINITIONS 995 - Definitions 995-1 Definitions Section 995-1 Definitions Division 995 - Definitions Part 6-5 - DICTIONARY DEFINITIONS Chapter 6 - THE DICTIONARY to the INCOME TAX ASSESSMENT Act 1997 TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) 1983 IIA - INTEREST ON EARLY PAYMENTS 8A ENTITLEMENT TO INTEREST Section 8A ENTITLEMENT TO INTEREST Part IIA - INTEREST ON EARLY PAYMENTS to the TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) Act 1983 INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-80 FAMILY TRUST ELECTION & 272-85 INTERPOSED ENTITY ELECTION Section 272-80 FAMILY TRUST ELECTION & 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 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 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