INCOME TAX ASSESSMENT ACT 1997
This table sets out the provisions for which indexation is relevant.
|Provisions for which indexation is relevant|
|Item||Topic of provision:||See:|
|1||Car limit||section 40-230|
|2||Capital gains - cost base||Parts 3-1 and 3-3|
|3||Capital gains - Improvements as separate assets||Subdivision 108-D|
|3A||Dependant (invalid and carer) tax offset||section 61-30|
|4||Child care offset limit||section 61-495|
|4A||(Repealed by No 109 of 2014)|
|5||*Genuine redundancy payments and *early retirement scheme payments - base amount||subsection 83-170(3)|
|6||*Genuine redundancy payments and *early retirement scheme payments - service amount||subsection 83-170(3)|
|7||Reduction of superannuation contributions - pre-1 July 88 funding credits (unused amount at end of previous income year)||subsection 295-265(2)|
|8||*Employment termination payments - *ETP cap amount||section 82-160|
|9||* Excess concessional contributions - * concessional contributions cap||subsection 291-20(2)|
|10||*Excess non-concessional contributions tax on superannuation contributions - index amount (*CGT cap amount)||subsection 292-105(4)|
|10A||*General transfer balance cap||section 294-35|
|11||*Superannuation benefits - index amount (*low rate cap amount)||subsection 307-345(4)|
|12||*Superannuation benefits - index amount (*untaxed plan cap amount)||subsection 307-350(4)|
|13||Thresholds for application of Division 250||sections 250-25 and 250-30|
|14||Levy threshold for the major bank levy||subsection 4(3) of the Major Bank Levy Act 2017|
There are provisions of the Income Tax Assessment Act 1936 dealing with indexation that have not yet been rewritten.
[ CCH Note 1: S 960-265 will be amended by No 34 of 2019, s 3 and Sch 1 item 5, by inserting table item 13A after table item 13, effective 1 July 2019. For application provision, see note under s 25-115 . Table item 13A will read:
13A Concessional cross staple rent cap - existing lease with specified rent section 12-443 in Schedule 1 to the Taxation Administration Act 1953
[ CCH Note 2: S 960-265 will be amended by No 49 of 2019, s 3 and Sch 4 item 84, by repealing table item 4, effective 1 July 2019.]
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