More information

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

Internet

For general tax information and up-to-date and comprehensive information about deductions, visit ato.gov.au

Publications

Publications referred to in this guide are:

• Deductions for prepaid expenses (NAT 4170)
• General value shifting regime - who it affects
• Guide to capital gains tax (NAT 4151)
• Guide to depreciating assets (NAT 1996)
• Law Administration Practice Statement (General Administration) PS LA 2006/1 (GA) - Calculating the cost base and reduced cost base of a CGT asset if a taxpayer does not have sufficient information to determine the amount of construction expenditure on the asset for the purpose of working out their entitlement to a deduction under Division 43 of the Income Tax Assessment Act 1997
• PAYG instalments
• PAYG withholding variation application (NAT 2036)
• Private ruling application form (NAT 13742)
• Small business entity concessions
• Taxation Determination TD 2007/2 - Income tax: should a taxpayer who has incurred a tax loss or made a net capital loss for an income year retain records relevant to the ascertainment of that loss only for the record retention period prescribed under income tax law?
• Taxation Determination TD 2006/31 - Income tax: is a government rebate received by a rental property owner an assessable recoupment under subsection 20-20(3) of the Income Tax Assessment Act 1997, where the owner is not carrying on a property rental business and receives the rebate for the purchase of a depreciating asset (for example, an energy saving appliance) for use in the rental property
• Taxation Determination TD 2005/47 - Income tax: what do the words 'can deduct' mean in the context of those provisions in Division 110 of the Income Tax Assessment Act 1997 which reduce the cost base or reduced cost base of a CGT asset by amounts you 'have deducted or can deduct', and is there a fixed point in time when this must be determined?
• Taxation Determination TD 1999/42 - Income tax: do the principles set out in Taxation Ruling TR 98/22 apply to line of credit facilities?
• Taxation Ruling TR 2008/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2008)
• Taxation Ruling TR 2007/3 - Income tax: effective life of depreciating assets (applicable from 1 July 2007)
• Taxation Ruling TR 2006/15 - Income tax: effective life of depreciating assets (applicable from 1 January 2007) (which replaced Taxation Ruling TR 2006/5 - Income tax: effective life of depreciating assets and TR 2000/18 - Income tax: effective life of depreciating assets)
• Taxation Ruling TR 2004/16 - Income tax: plant in residential rental properties
• Taxation Ruling TR 2004/4 - Income tax: deductions for interest incurred prior to the commencement of, or following the cessation of, relevant income earning activities
• Taxation Ruling TR 2000/2 - Income tax: deductibility of interest on moneys drawn down under line of credit facilities and redraw facilities
• Taxation Ruling TR 98/22 - Income tax: the taxation consequences for taxpayers entering into certain linked or split loan facilities
• Taxation Ruling TR 97/25 - Income tax: property development: deduction for capital expenditure on construction of income producing capital works, including buildings and structural improvements
• Taxation Ruling TR 97/23 - Income tax: deductions for repairs
• Taxation Ruling TR 97/11 - Income tax: am I carrying on a business of primary production?
• Taxation Ruling TR 95/25 - Income tax: deductions for interest under section subsection 51(1) of the Income Tax Assessment Act 1936 following FC of T v. Roberts; FC of T v. Smith
• Taxation Ruling TR 94/11 - Income tax: general investment allowance - what is a unit of property?
• Taxation Ruling TR 94/8 - Income tax: whether business is carried on in partnership (including 'husband and wife' partnerships)
• Taxation Ruling TR 93/32 - Income tax: rental property - division of net income or loss between co-owners
• Taxation Ruling TR 93/7 - Income tax: whether penalty interest payments are deductible
• Taxation Ruling IT 2423 - Withholding tax: whether rental income constitutes proceeds of business - permanent establishment - deduction for interest
• Taxation Ruling IT 2316 - Income tax: distribution of partnership profits and losses
• Taxation Ruling IT 2167 - Income tax: rental properties - non-economic rental, holiday home, share of residence, etc. cases, family trust cases
• TaxPack 2009 (NAT 0976)
• TaxPack 2009 supplement (NAT 2677)
• Thin capitalisation
• Thin capitalisation schedule & instructions 2009 (NAT 6458)

Infolines

We can offer a more personalised service if you provide your tax file number (TFN).

• Individual 13 28 61
  Individual income tax and general personal tax enquiries, including capital gains tax
• Business 13 28 66
  General business tax enquiries including capital gains tax, GST rulings, Australian business number (ABN), pay as you go (PAYG) instalments, business deductions, activity statements (including lodgment and payment), accounts and business registration (including ABN and TFN), dividend and royalty withholding tax
• Superannuation 13 10 20
• Tax reform 13 24 78

Other services

Translating and Interpreting Service 13 14 50
If you do not speak English well and need help from the Tax Office, phone the Translating and Interpreting Service.

Hearing or speech impairment
If you are deaf or have a hearing or speech impairment, you can phone the Tax Office through the National Relay Service (NRS).

• If you are a TTY user, phone 13 36 77 and ask for the Tax Office number you want. If you need a Tax Office 1800 free call number, phone 1800 555 677 and ask for the Tax Office number you want.
• If you are a Speak and Listen (speech to speech relay) user, phone 1300 555 727 and ask for the Tax Office number you want. If you need a Tax Office 1800 free call number, phone 1800 555 727 and ask for the number you want.
• If you are an internet relay user, connect to the NRS (relayservice.com.auExternal Link) and ask for the Tax Office number you want.

Why not lodge online using e-tax?

• E-tax is our free online tax preparation and lodgment software.
• E-tax is secure, user friendly, and you can access your individual information using the pre-filling service.
• Most refunds are issued within 14 days.

For more information, see www.ato.gov.au/lodgeonline