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INCOME TAX ASSESSMENT ACT 1997 - SECT 25.1 What this Division is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 25.1

What this Division is about

This Division sets out some amounts you can deduct. Remember that the general rules about deductions in Division   8 (which is about general deductions) apply to this Division.

Table of sections

Operative provisions

25 - 5   Tax - related expenses

25 - 10   Repairs

25 - 15   Amount paid for lease obligation to repair

25 - 20   Lease document expenses

25 - 25   Borrowing expenses

25 - 30   Expenses of discharging a mortgage

25 - 35   Bad debts

25 - 40   Loss from profit - making undertaking or plan

25 - 45   Loss by theft etc.

25 - 47   Misappropriation where a balancing adjustment event occurs

25 - 50   Payments of pensions, gratuities or retiring allowances

25 - 55   Payments to associations

25 - 60   Parliament election expenses

25 - 65   Local government election expenses

25 - 70   Deduction for election expenses does not extend to entertainment

25 - 75   Rates and land taxes on premises used to produce mutual receipts

25 - 85   Certain returns in respect of debt interests

25 - 90   Deduction relating to foreign non - assessable non - exempt income

25 - 95   Deduction for work in progress amounts

25 - 100   Travel between workplaces

25 - 110   Capital expenditure to terminate lease etc.

25 - 115   Deduction for payment of rent from land investment by operating entity to asset entity in relation to approved economic infrastructure facility

25 - 120   Transitional--deduction for payment of rent from land investment by operating entity to asset entity

25 - 125   COVID - 19 tests

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