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 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 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 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) INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6D - Provisions relating to certain closely held trusts B - Interpretation 102UC CLOSELY HELD TRUST INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6D - Provisions relating to certain closely held trusts B - Interpretation 102UC CLOSELY HELD TRUST INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions A NEW TAX SYSTEM (AUSTRALIAN BUSINESS NUMBER) 1999 4 - RULES FOR INTERPRETING THIS ACT 15 - The Dictionary 41 DICTIONARY INCOME TAX ASSESSMENT 1936 2F - TRUST LOSSES AND OTHER DEDUCTIONS 272 - Interpretation 272-D - Family trust etc. 272-80 FAMILY TRUST ELECTION 272-80(1) Nature of election 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) Taxation Administration Regulations 1976 6 Withholding — payments to foreign residents etc 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. 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 1997 INCOME TAX ASSESSMENT 2 - LIABILITY RULES OF GENERAL APPLICATION 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS 36 - Tax losses of earlier income years 36-A - Deductions for tax losses of earlier income years 36-15 How to deduct tax losses of entities other than corporate tax entities 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 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS 102 - Assessable income includes net capital gain 102-5 Assessable income includes net capital gain INCOME TAX ASSESSMENT 1997 6 - THE DICTIONARY 6-5 - DICTIONARY DEFINITIONS 995 - Definitions 995-1 Definitions 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 INCOME TAX ASSESSMENT 1997 6 - THE DICTIONARY 6-5 - DICTIONARY DEFINITIONS 995 - Definitions 995-1 Definitions franking credit INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-6 - THE IMPUTATION SYSTEM 207 - Effect of receiving a franked distribution 207-5 Overview 1997 INCOME TAX ASSESSMENT 2 - LIABILITY RULES OF GENERAL APPLICATION 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS 36 - Tax losses of earlier income years 36-A - Deductions for tax losses of earlier income years 36-15 How to deduct tax losses of entities other than corporate tax entities 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 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) 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 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 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 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions & 8-5 Specific deductions INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-6 - THE IMPUTATION SYSTEM INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions 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 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 INCOME TAX ASSESSMENT 1997 6 - THE DICTIONARY 6-5 - DICTIONARY DEFINITIONS 995 - Definitions 995-1 Definitions 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 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions & 8-5 Specific deductions TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) 1983 IIA - INTEREST ON EARLY PAYMENTS 8A ENTITLEMENT TO INTEREST 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 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 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 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 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 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions 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 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 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 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 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. INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-60 When a depreciating asset starts to decline in value 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 INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-60 When a depreciating asset starts to decline in value 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 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 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 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 3 - Deductions A - General 65 PAYMENTS TO ASSOCIATED PERSONS AND RELATIVES 65(1AA), 65(1B) [Private company partner] & 65(1C) [Amount of dividend deemed to be paid] 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 INCOME TAX ASSESSMENT 1936 I - PRELIMINARY 6AB FOREIGN INCOME AND FOREIGN TAX 6AB(5) 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 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 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 National Rental Affordability Scheme (Consequential Amendments) 2008 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6D - Provisions relating to certain closely held trusts B - Interpretation 102UC CLOSELY HELD TRUST 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. 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 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 INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-90 - CONSOLIDATED GROUPS 713 - Rules for particular kinds of entities 713-E - Partnerships 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 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 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 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions 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 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions 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 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 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 INCOME TAX ASSESSMENT 1936 I - PRELIMINARY 6 INTERPRETATION 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 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 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) 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) INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions & 8-5 Specific deductions INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 3 - Deductions D - Losses and outgoings incurred under certain tax avoidance schemes 82KH INTERPRETATION INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 97 BENEFICIARY NOT UNDER ANY LEGAL DISABILITY 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 INCOME TAX ASSESSMENT 1997 1 - INTRODUCTION AND CORE PROVISIONS 1-3 - CORE PROVISIONS 8 - Deductions 8-1 General deductions 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 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 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 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 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 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 INCOME TAX ASSESSMENT 1936 X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES 3 - Control interests, attribution interests, attributable taxpayers and attribution percentages 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 INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 11A - Dividends, interest and royalties paid to non-residents and to certain other persons A - General 128FA DIVISION DOES NOT APPLY TO INTEREST ON CERTAIN PUBLICLY OFFERED UNIT TRUST DEBENTURES OR DEBT INTERESTS 128FA(5) Debentures or debt interests issued through certain non-resident subsidiaries can also get the exemption. INCOME TAX ASSESSMENT 1997 2 - LIABILITY RULES OF GENERAL APPLICATION 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE 40 - Capital allowances 40-F - Primary production depreciating assets 40-515 Water facilities and horticultural plants, 40-530 When a water facility or horticultural plant starts to decline in value & 40-540 How you work out the decline in value for water facilities INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 7A - Distributions to entities connected with a private company EA - Unpaid present entitlements 109XA PAYMENTS, LOANS AND DEBT FORGIVENESS BY A TRUSTEE IN FAVOUR OF A SHAREHOLDER ETC. OF A PRIVATE COMPANY WITH AN UNPAID PRESENT ENTITLEMENT, 109XB AMOUNTS INCLUDED IN ASSESSABLE INCOME, 109XC MODIFICATIONS MEDICARE LEVY 1986 9 REDUCTION OF LEVY - PERSON WHO IS PRESCRIBED PERSON FOR PART OF YEAR OF INCOME & 10 LEVY PAYABLE BY A TRUSTEE ASSESSABLE UNDER SECTION 98 OF THE ASSESSMENT ACT MEDICARE LEVY 1986 9 REDUCTION OF LEVY - PERSON WHO IS PRESCRIBED PERSON FOR PART OF YEAR OF INCOME & 10 LEVY PAYABLE BY A TRUSTEE ASSESSABLE UNDER SECTION 98 OF THE ASSESSMENT ACT INCOME TAX ASSESSMENT 1936 X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES 3 - Control interests, attribution interests, attributable taxpayers and attribution percentages INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 98 LIABILITY OF TRUSTEE 98(3) [Liability to tax] INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6 - Trust income 98 LIABILITY OF TRUSTEE 98(4) [Non-resident beneficiary a trustee of another trust] INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 6D - Provisions relating to certain closely held trusts B - Interpretation 102UC CLOSELY HELD TRUST INCOME TAX ASSESSMENT 1997 3 - SPECIALIST LIABILITY RULES 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS 388 - Tax offsets for primary producers and some land-holders 388-A - Landcare and water facility tax offset INCOME TAX ASSESSMENT 1936 III - LIABILITY TO TAXATION 7A - Distributions to entities connected with a private company EA - Unpaid present entitlements 109XA PAYMENTS, LOANS AND DEBT FORGIVENESS BY A TRUSTEE IN FAVOUR OF A SHAREHOLDER ETC. OF A PRIVATE COMPANY WITH AN UNPAID PRESENT ENTITLEMENT, 109XB AMOUNTS INCLUDED IN ASSESSABLE INCOME, 109XC MODIFICATIONS