Accrued leave transfer payments

...................................................................................................

15‑5

alienated personal services income

...................................................................................................

86‑15

allowances

see employment

annual leave

see leave payments

annuities

...................................................................................................

27H

approved deposit fund (ADFs)

see superannuation

attributable income

see controlled foreign corporations and foreign investment funds

avoidance of tax

general .....................................................................................

177F

diversion of income ................................................................

121H

profits shifted out of Australia ............................................

136AD, 136AE

see also transfers of income

bad debts

see recoupment

balancing adjustment

see capital allowances , industrial property , investments , research & development , scientific research and tax exempt entities

banking

offshore banking activities, income from ...........................

121EG(1)

offshore banking unit, deemed interest on payments to by owner ...........................................................................

121EK

barter transactions

...................................................................................................

21, 21A, 15‑2

beneficiaries

see trusts

benefits

business, non‑cash ................................................................

21A

consideration, non‑cash .......................................................

21

meals you provide in an in‑house dining facility ..............

32‑70

see also employment and superannuation

bonus shares

see shares

bounties

...................................................................................................

15‑10

capital allowances

excess of termination value over adjustable value

generally................................................................

40‑285

for some cars.........................................................

40‑370

depreciating asset in low‑value pool...................................

40‑445(2)

expenditure in software development pool.........................

40‑460

recovery of petroleum resource rent tax..............................

40‑750(3)

capital gains

...................................................................................................

102‑5

see also insurance

car expenses

cents per kilometres reimbursement of ...............................

15‑70

carried interests

carried interests, not ordinary income.................................

118‑21

CFCs

see controlled foreign corporations

charters

see shipping

child

non‑trust income of, unearned .............................................

102AE

trust income of, unearned .....................................................

102AG

company

see controlled foreign corporations , co‑operative company , directors , dividends , liquidation , shareholders and shares

compensation

live stock or trees, recoveries for loss of ............................

385‑130

profits or income, insurance or indemnity for loss of........

15‑30

received by lessor for lessee's non‑compliance with lease obligation to repair.................................................

15‑25

trading stock, insurance or indemnity for loss of .............

70‑115

see also insurance , live stock , recoupment and scientific research

consideration

see benefits

consolidated groups and MEC groups

Assets in relation to Division 230 financial arrangement.

701‑61(3)

controlled foreign corporations (CFCs)

attributable income of ............................................................

456 to 459A

see also dividends and taxes

co‑operative company

receipts of ................................................................................

119

credit union

see co‑operative company

currency gains

see foreign exchange

currency losses

see recoupment

death

see trusts

debt/equity swap

see shares and units

defence forces

allowances and benefits for service as a member of .........

15‑2

depreciation

see capital allowances

directors

excessive remuneration or retirement payment from company ............................................................................

109

distributions

see dividends

dividends

benefit of LIC capital gain through a trust or partnership .............................................................................................

115‑280

general .....................................................................................

44(1)

distribution from a controlled foreign corporation ...........

47A(1)

franked dividends, credits on................................................

207‑20(1), 207‑35(1), 207‑35(3)

see also liquidation

elections

local government, reimbursement of expenses of..............

25‑65

see also recoupment

electricity connections

see recoupment

employees

see shares

employment

allowances and benefits in relation to employment or rendering services ...........................................................

15‑2

employment termination payment .......................................

82‑10
82‑65
82‑70

other payments for employment termination .....................

83‑295

return to work payments .......................................................

15‑3

see accrued leave transfer payments, leave payments , superannuation and sections 82‑10A and 82‑10C of the Income Tax (Transitional Provisions) Act 1997

environment

see recoupment

farm management deposits

repayments of .........................................................................

393‑1 of Schedule 2G

FIFs

see foreign investment funds

films

Australian, proceeds of investment in ................................

26AG

financial arrangements

gains from.................................................................................

230‑15(1)

first home saver accounts

employer FHSA contributions etc........................................

15‑80

foreign exchange

gains .........................................................................................

775‑15

see also recoupment

foreign investment funds (FIFs)

attributable income of ............................................................

529

see also taxes

forestry agreement

amount where section 82KZMG of the 1936 Act applies.

15‑45

CGT event in relation to forestry interest in agreement ....

82KZMGB

forestry managed investment schemes

forestry manager's receipts under scheme.........................

15‑46

CGT event in relation to forestry interest in scheme for initial participant ...............................................................

394‑25(2)

CGT event in relation to forestry interest in scheme for subsequent participant ....................................................

394‑30(2)

franked dividends

see dividends

funeral policy

benefit under............................................................................

15‑55

general insurance

gross premiums.......................................................................

321‑45 of Schedule 2J

reduction in value of outstanding claims liability..............

321‑10 and 323‑5 of Schedule 2J

reduction in value of unearned premium reserve...............

321‑50 of Schedule 2J

grapevines

see recoupment

horticultural plants

see recoupment

improvements

see leases

imputation

see dividends

indemnity

see compensation and recoupment

industrial property

consideration for disposal of unit relating to copyright in Australian film...................................................................

124P

see also intellectual property and research and development

infrastructure borrowings

see interest

insurance

bonuses ...................................................................................

26AH , 15‑75

company, demutualisation of ...............................................

121AT

foreign life assurance policy ................................................

529

life insurance, transfer of contributions by superannuation fund or approved deposit fund to ....

295‑260

payments from a non‑resident reinsurer in respect
of a loss .............................................................................

148

premiums in respect of Australian business received by non‑resident insurers ......................................................

143

premiums paid to a non‑resident for reinsurance ..............

148

premiums paid to mutual insurance association ...............

121

premiums payable to a non‑resident for insurance of property in Australia .......................................................

142(1)

premiums payable to a non‑resident for insuring an event that can only happen in Australia ......................

142(1)

premiums payable to a non‑resident under an insurance contract with a resident ..................................................

142(2)

rebates and premiums refunded to a superannuation fund trustee .................................................................................

295‑320 (table item 4)

see also compensation , life insurance companies and recoupment

interest

infrastructure borrowings, on ..............................................

159GZZZZG

loans raised in Australia by foreign governments, on .....

27

overpaid tax, on ......................................................................

15‑35

qualifying securities, on ........................................................

159GQ, 159GW(1)

see also co‑operative companies and leases

investments

non‑interest bearing Commonwealth securities, gains on disposal or redemption of ...............................................

26C

prizes from investment‑related lotteries ..............................

26AJ

qualifying securities, payments to partial residents made under ..................................................................................

159GW(2)

qualifying securities, amount assessable to issuer of ......

159GT(1B)

qualifying securities, balancing adjustment on the transfer of ..........................................................................

159GS

securities, variation in terms of ............................................

159GV(2)

securities lending arrangements ..........................................

26BC

traditional securities, gains on the disposal or redemption of ...................................................................

26BB

see also films and interest

landcare operations

see recoupment

leased plant ..........................................................................................

Division 45

leases

amounts received by lessor from lessee for non‑compliance with lease obligation to repair...........

15‑25

interest component of payments under non‑leveraged finance leases ...................................................................

159GK

partnership leasing property under non‑leveraged finance lease, new partner or contribution of capital since 14 May 1985 ...........................................................

159GO

premiums relating to assignment of a lease granted before 20 September 1985 ................................................

26AB

profit on disposal of previously leased motor vehicles ...

Subdivision 20‑B

leases of luxury cars

accrual amounts......................................................................

Schedule 2E (42A‑35(1))

adjustment amounts (lessee).................................................

Schedule 2E (42A‑70(2))

adjustment amounts (lessor).................................................

Schedule 2E (42A‑65(2))

profit on actual sale................................................................

Schedule 2E (42A‑35(3))

profit on notional sale............................................................

Schedule 2E (42A‑35(2))

leave payments

accrued leave transfer payment ...........................................

15‑5

unused annual leave payment .............................................

83‑10

unused long service leave payment ....................................

83‑80

see employment

life insurance companies

Subdivision 320‑B

limited recourse debt

excessive deduction amount (debtor)..................................

243‑40

excessive deduction amount (partner).................................

243‑65

liquidation

distribution to a shareholder in winding up a company...

47(1)

live stock

death or destruction of ..........................................................

Subdivision 385‑E

departing Australia and ........................................................

385‑160, 385‑163

insolvency, and ......................................................................

385‑160, 385‑163

profits on death or disposal of .............................................

Subdivision 385‑E, 385‑160

see also compensation and trading stock

long service leave

see leave payments

losses

see compensation

lotteries

see investments

meals

see benefits

Mining

providing mining, quarrying or prospecting information

15‑40

minors

see child

motor vehicles

see car expenses and leases

mutual insurance

see insurance

non‑cash benefits

see benefits and employment

notional sales and loans

adjustment amounts (lessee).................................................

240‑110(2)

adjustment amounts (lessor).................................................

240‑105(2)

notional interest......................................................................

240‑35(1)

profit on actual sale................................................................

240‑35(3)

profit on notional sale............................................................

240‑35(2)

offshore banking units

see banking

partnerships

net income of, partner's interest in ......................................

92(1)

uncontrolled partnership income, effect of ........................

94

see also leases

payments to members of copyright collecting societies

payments by copyright collecting societies.......................

15‑22

petroleum

resource rent tax, recovery of ...............................................

20‑30(1)

see also capital allowances

premiums

see insurance , leases and superannuation

primary production

see recoupment

prizes

see investments

profits

profit‑making undertaking or plan........................................

15‑15

sale of property acquired before 20 September 1985 for profit‑making by sale........................................................

25A

see also avoidance of tax

Project pools

An amount received for the abandonment, sale or other disposal of a project.........................................................

40‑830, 40‑832

property

see profits and trusts

quarrying

see mining and recoupment

rates

see recoupment

recoupment

insurance or indemnity for deductible losses or
outgoings...........................................................................

Subdivision 20‑A

other recoupment for certain deductible losses or outgoings...........................................................................

Subdivision 20‑A

see also car expenses , compensation , elections and petroleum

reimbursements

see car expenses , dividends , elections , first home saver accounts, petroleum and recoupment

reinsurance

see insurance

research & development

consideration for loss or disposal etc. of plant, assets or buildings used for ............................................................

73B(23) to (27C), 73BF, 73BM , 73G(4)

return on ..................................................................................

73B(27A), (27C), 73BF(4), (6) , 73BM(4), (6)

transferee of property used for, effect of disposal etc. or change of use by .............................................................

73F(10)

residual value

see industrial property

retirement payments

see directors , leave payments and shareholders

rights to income

see transfers of income

roads

see timber

royalties

...................................................................................................

15‑20

schemes

see avoidance of tax

scholarship plan

benefit under............................................................................

15‑60

scientific research

consideration for disposal or destruction of buildings acquired for scientific research ......................................

73A(4)

securities

see investments

services

see co‑operative companies , employment , loans and trusts

shareholders

excessive remuneration or retirement payment from company ............................................................................

109

loans, payments and credits from company ......................

Division 7A of Part III

see also dividends

shares

acquired in a debt/equity swap, profit on the disposal cancellation or redemption of ........................................

63E(4)

bonus shares, cost of ............................................................

6BA

buy‑backs ................................................................................

159GZZZJ to 159GZZZT

employee share acquisition schemes ..................................

26AAC, 139 to 139GH

holding company shares held by a subsidiary, cancellation of ..................................................................

159GZZZC to 159GZZZI

small‑medium enterprise, profit on disposal of shares in .

128TG to 128TL

see also dividends

shipping

goods shipped in Australia , amounts paid to foreign shipowners and charterers for .......................................

129

small‑medium enterprises (SMEs)

see shares

subsidies

...................................................................................................

15‑10

sugar industry exit grants

...................................................................................................

15‑65

superannuation

benefits generally ...................................................................

Divisions 301 to 306

benefits in breach of legislative requirements ...................

Division 304

benefits received from older superannuation funds .........

26AF, 26AFA

complying fund becomes non‑complying, effect of .........

295‑320 (table item 2)

contributions to an approved deposit fund .......................

Subdivisions 295‑C and 295‑D

contributions to an RSA .......................................................

Subdivision 295‑C

contributions to a superannuation fund ............................

Subdivisions 295‑C and 295‑D

death benefits .........................................................................

302‑75
302‑85
302‑90
302‑145

foreign superannuation funds and schemes, benefits from ....................................................................................

305‑70

member benefits .....................................................................

301‑20
301‑25
301‑35
301‑40
Subdivision 301‑C

foreign fund becoming Australian, effect of ......................

295‑320 (table item 3)

no‑TFN contributions income ..............................................

295‑605

returned contributions ..........................................................

290‑100

trustee's liability to pay tax ..................................................

295‑5(2) and (3)

see insurance

tax avoidance

see avoidance of tax and transfers of income

tax exempt entities

treatment of income and gains on becoming taxable ........

Schedule 2D

taxes

see dividends , foreign investment funds , interest and recoupment

termination of employment

see directors , eligible termination payments , leave payments and shareholders

theft

see recoupment

trading stock

change in interests in ............................................................

70‑100

death of trader and .................................................................

70‑105

difference between opening and closing value of ............

70‑35

disposal not at arm's length..................................................

70‑20

disposal of outside ordinary course of business ..............

70‑90, 70‑95

see also compensation and tax exempt entities

transfers of income

consideration for transfer of right to income .....................

102CA

payments for transfer or disposal of property ...................

262

transferee, effect on of transfer of right to income ...........

102C

transferor, effect on of transfer of right to income ............

102B

travel expenses

see car expenses

trusts

beneficiary under legal disability or with a vested and indefeasible interest in trust income .............................

100

deceased estates, income of .................................................

101A

discretionary trusts ................................................................

101

net income of a trust estate, your present entitlement to

97, 101

non‑resident beneficiaries, liability to tax of ......................

98A

non‑resident trust estates to which you have transferred property or services, income of .....................................

102AAZD

property of applied for benefit of beneficiaries .................

99B

trust estate includes income from another trust estate

94(5)

trustees' liability to tax...........................................................

98, 99, 99A, 102, 102K, 102S

see also avoidance of tax and superannuation

unearned income

see child

units

acquired in a debt/equity swap, profit on the disposal, cancellation or redemption of ........................................

63E(4)

water conservation

see recoupment

winding‑up

see insurance and liquidation

wool clips

double wool clips, treatment of ............................................

385‑135, 385‑155

work in progress

receipt of a work in progress amount ..................................

15‑50