Income Tax Assessment Act 1997
View history note
Hide history noteIf you incurred the deductible loss or outgoing
20-15(1)
First, read sections 20-20 to 20-30 to work out whether you have received an assessable recoupment. If not, you do not need to read the rest of the Subdivision.
20-15(2)
If you have received one or more assessable recoupments, sections 20-35 to 20-55 tell you how much is included in your assessable income for an income year.
If another entity incurred a loss or outgoing you can deduct
20-15(3)
Sections 20-60 and 20-65 tell you how to apply this Subdivision.
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