A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME    View history reference

Division 20 - Amounts included to reverse the effect of past deductions    View history reference

Subdivision 20-A - Insurance, indemnity or other recoupment for deductible expenses    View history reference

How much is included in your assessable income?

SECTION 20-55  Meaning of previous recoupment law  

 View history reference [No equivalent]

20-55(1)  

 View history reference
Previous recoupment law means a provision of the Income Tax Assessment Act 1936 listed in this table.
Previous recoupment law
ItemProvisionWhat kind of expense the provision relates to:
1Former 26(j) (so far as it relates to an amount received for or in respect of a loss or outgoing that is a deduction)a loss or outgoing that is a deduction
...........
2Former 26(k)embezzlement or larceny by an employee
...........
3Former 63(3)bad debts
...........
4Former 69(8)tax-related expenses
...........
5Former 70A(5)mains electricity connection expenditure
...........
6Former 72(2) (so far as it relates to a refund of an amount you have deducted or can deduct)rates or taxes
...........
6AFormer 72A(4)(a) and (aa)petroleum resource rent tax
...........
7Former 74(2)election expenses, Commonwealth and State elections

20-55(2)  

 View history reference
Former section 330-350 of this Act is also a previous recoupment law.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page