Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 17/37)
Character Range: 435079–437622

that arises under Division 129 of the *GST Act.
 (2) However, you cannot deduct the amount to the extent (if any) that the adjustment arises from an increase in the extent to which the activity giving rise to the adjustment is of a private or domestic nature.
 (3) If:
 (a) you have an *increasing adjustment under Division 138 of the *GST Act in respect of an asset as a result of the cancellation of your registration under Part 2‑5 of the GST Act; and
 (b) immediately after the cancellation, you held the asset for the purpose of gaining or producing assessable income;
you can deduct the amount of the increasing adjustment.
 (4) However, you cannot deduct an amount under subsection (1) or (3) to the extent that, because it becomes a component of a *net input tax credit, a reduction is made under section 103‑30 (reduction of cost base etc. by net input tax credits).

27‑15  GST payments
 (1) You cannot deduct under this Act a loss or outgoing consisting of a payment under Division 33 of the *GST Act.
 (2) This section does not apply to the payment:
 (a) to the extent (if any) that the *net amount to which the payment relates was increased under section 21‑5 of the *Wine Tax Act (which allows for such increases to take account of wine equalisation tax); and
 (b) to the extent (if any) that the *net amount was increased under section 13‑5 of the *Luxury Car Tax Act (which allows for such increases to take account of luxury car tax); and
 (c) to the extent (if any) that the *net amount was increased under paragraph 13‑10(1)(a) of the Luxury Car Tax Act (which allows for such alterations to take account of increasing luxury car tax adjustments under that Act).
 (3) This section does not apply to the payment of *assessed GST (under section 33‑15 of the *GST Act) on a *taxable importation that:
 (a) was not a *creditable importation; or
 (b) was *partly creditable;
but only to the extent that that payment of assessed GST exceeds the *input tax credit (if any) to which you are entitled for that importation.

27‑20  Elements in calculation of amounts
  In calculating an amount that you may be able to deduct:
 (a) an element in the calculation that is an amount paid or payable is treated as not including an amount equal to any *input tax credit for an *acquisition related to the amount paid or payable, or any *decreasing adjustment related to that amount; and
 (b) an element in the calculation that is an amount received or receivable is treated as not including an amount equal to any *GST payable on a *taxable