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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-4 - CHECKLISTS OF WHAT IS COVERED BY CONCEPTS USED IN THE CORE PROVISIONS  

Division 13 - Tax offsets  

SECTION 13-1  

13-1  List of tax offsets  

 View history reference
The provisions set out in the list allow you a tax offset.

Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold, are provisions of the Income Tax Assessment Act 1936.
Aboriginal study assistance
 see social security and other benefit payments
annual leave
 see leave payments
annuity
 see superannuation
approved deposit funds (ADFs)
 see dividends
attribution managed investment trusts
 non-resident beneficiary ..........276-110
averaging
 see primary production
bonuses
 see life assurance
child
 child care ..........Subdivision 61-IA
first child ..........Subdivision 61-I
increased tax payable under Part III Division 6AA, unreasonable ..........102AH
trust income ..........100(2)
[child/housekeeper] (Repealed by No 70 of 2015)
corporate unit trusts
 see dividends
Cyclone Larry or Cyclone Monica income support payment
 see social security and other benefit payments
defence force
 members serving overseas ..........79B
dependants
 invalid relative, invalid spouse or carer in receipt of carer benefit..........Subdivision 61-A
see also medical expenses
dividends
 general ..........207-20(2), 207-45, 207-110(2)(c), 210-170(1)
early stage venture capital limited partnerships
 contributions to ESVCLPs .......... Subdivision 61-P
[education expenses] (Repealed by No 50 of 2012)
[drought relief] (Repealed by No 179 of 1997)
employment termination
 employment termination payments ..........82-10, 82-70
see leave payments, superannuation and sections 82-10A and 82-10C of the Income Tax (Transitional Provisions) Act 1997
[entrepreneurs' tax offset] (Repealed by No 23 of 2012)
Equine Workers Hardship Wage Supplement Payment
 see social security and other benefit payments
[exceptional circumstances relief] (Repealed by No 13 of 2014)
exploration for minerals
 exploration development incentive ..........Subdivision 418-B
[farm help income support] (Repealed by No 13 of 2014)
[farm household support] (Repealed by No 97 of 2008)
film
 ..........Division 376
[films] (Repealed by No 143 of 2007)
foreign income tax
 foreign income tax paid, tax offset for..........Division 770
franking deficit tax
 liabilities to pay ..........205-70
franked dividends
 see dividends
hardship
 see child
[housekeeper] (Repealed by No 70 of 2015)
housing
 National Rental Affordability Scheme ..........Division 380
imputation
 see dividends and franking deficit tax
infrastructure
 borrowings ..........159GZZZZG
innovation companies
 certain shares issued to early stage investors .......... Subdivision 360-A
inter-corporate dividends
 see dividends
interest
 tax paid on by company ..........127
interim income support payment
 see social security and other benefit payments
invalid relative
 see dependants
[land transport facilities borrowings] (Repealed by No 41 of 2011)
leave payments
 unused annual leave payment ..........83-15
unused long service leave payment ..........83-85
see employment termination
legal disability
 see trusts
life assurance
 bonus, receipt of ..........160AAB
life insurance company
 subsidiary joining consolidated group ..........713-545(5)
long service leave
 see leave payments
[losses] (Repealed by No 96 of 2014)
low income earner
 aged or pensioner beneficiary, trustee liable to be assessed for beneficiary's share of net income of trust estate ..........160AAAB
aged person or pensioner ..........160AAAA
general ..........159N
lump sum income arrears
 receipt of ..........159ZRA, 159ZRB, Subdivision 61-L
[mature age workers] (Repealed by No 20 of 2015)
medical expenses
 payment of ..........159P
non-resident beneficiary
 see trusts
non-resident trust estate
 see trusts
overseas defence force service
 see defence force
[overseas tax] (Repealed by No 143 of 2007)
[parent/parent-in-law] (Repealed by No 70 of 2015)
partnerships
 see dividends, housing and small business entities
pension
 see social security and other benefit payments
pooled superannuation trusts (PSTs)
 see dividends
primary production
 
averaging of income, trustees ..........156
averaging of tax liability, individuals ..........392-35(2)
farm household allowance
 see social security and other benefit payments
interim income support payments
 see social security and other benefit payments
private health insurance ..........Subdivision 61-G
public trading trust
 see dividends
public unit trust
 see dividends
R&D ..........Division 355
[rebatable ETP annuity] (Repealed by No 15 of 2007)
[research and development] (Repealed by No 93 of 2011)
residents of isolated areas
 see zone
[restart income support] (Repealed by No 144 of 2000)
[savings and investment income] (Repealed by No 60 of 1999)
[shipping income] (Repealed by No 143 of 2007)
sickness benefits
 see social security and other benefit payments
small business
 small business income ..........Subdivision 328-F
[small business entities] (Repealed by No 23 of 2012)
social security and other benefit payments
 Aboriginal study assistance scheme ..........160AAA(3)
children, assistance for isolated ..........160AAA(3)
Cyclone Larry or Cyclone Monica income support payment ..........160AAA(3)
Disaster income support allowance for special category visa (subclass 444) holders..........160AAA(3)
Equine Workers Hardship Wage Supplement Payment ..........160AAA(3)
farm household allowance under the Farm Household Support Act 2014
see unemployment, sickness and other benefit payments under the Social Security Act 1991
interim income support payment ..........160AAA(3)
pension, social security pension and veteran's pension ..........160AAAA
textile, clothing and footwear allowance ..........160AAA(3)
unemployment, sickness and other benefit payments under the Social Security Act 1991 ..........160AAA(3)
[sole parent] (Repealed by No 83 of 1999)
[spouse] (Repealed by No 70 of 2015)
superannuation
 generally ..........Divisions 301 and 302
associated earnings on non-concessional contributions ..........Subdivision 292-B
spouse contributions ..........Subdivision 290-D
death benefits ..........302-75, 302-85, 302-145
excess concessional contributions ..........291-15(b)
member benefits ..........301-20, 301-25, 301-35, 301-40, 301-95, 301-100, 301-105, 301-115
TFN quoted to superannuation or RSA provider after no-TFN contributions tax paid ..........295-675
[superannuation funds] (Repealed by No 15 of 2007)
[tax credit] (Repealed by No 143 of 2007)
termination payments
 see employment termination, leave payments and superannuation
trustee
 see dividends, low income earner and trusts
trusts
 beneficiary in a foreign trust ..........98B
non-resident beneficiary ..........98A(2)(a)
trust income of beneficiary with legal disability ..........100(2)
trust income (modifications for special disability trusts) ..........95AB(5)
see also dividends, housing and small business entities
United Nations forces
 salary, wages and allowances from service as a member of ..........23AB(7)
unemployment benefits
 
see social security and other benefit payments
unit trusts
 see dividends
[water] (Repealed by No 84 of 2013)
winding-up of non-resident trust estates
 see trusts
withholding payments
 made by companies to Australian seafarers .......... Subdivision 61-N
zone
 residents of isolated areas ..........79A

[CCH Note 1: S 13-1 will be amended by No 132 of 2017, s 3 and Sch 1 item 8, by inserting "first home super saver scheme .......................................... 313-25" after "excess concessional contributions ..................................... 291-15(b)" in table item headed "superannuation", effective 1 July 2018.]

[CCH Note 2: S 13-1 will be amended by No 11 of 2014, s 3 and Sch 3 items 7 and 8, by omitting "see also medical expenses" from table item headed "dependants" and repealing table item "medical expenses", effective 1 July 2019.]

[CCH Note 3: S 13-1 will be amended by No 21 of 2015, s 3 and Sch 6 item 51, by repealing table item "exploration for minerals", effective 1 July 2020. For savings provisions, see note under Div 418.]


 



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