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
The provisions set out in the list allow you a tax offset.
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 | |
| 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| [ child/housekeeper] (Repealed by No 70 of 2015) | |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 | |
| 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| [ education expenses] (Repealed by No 50 of 2012) | |
| [ drought relief] (Repealed by No 179 of 1997) | |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| [ entrepreneurs ' tax offset] (Repealed by No 23 of 2012) | |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| [ exceptional circumstances relief] (Repealed by No 13 of 2014) | |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 | |
| junior minerals exploration 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| [ farm help income support] (Repealed by No 13 of 2014) | |
| [ farm household support] (Repealed by No 97 of 2008 ) | |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| [ films] (Repealed by No 143 of 2007 ) | |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] (Repealed by No 4 of 2018) | |
| 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 | |
| loss carry back Division 160 | |
| 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 Subdivision 61-D |
|
| lump sum income arrears | |
| receipt of 159ZRA , 159ZRB , Subdivision 61-L | |
| [ mature age workers] (Repealed by No 20 of 2015) | |
| [ medical expenses] (Repealed by No 11 of 2014) | |
| 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] (Repealed by No 26 of 2018) | |
| 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 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 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) first home super saver scheme 313-25 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 veterans ' invalidity pensions Subdivision 301-F |
|
| [ 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 |
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