Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p5
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 5/9)
Character Range: 2023558–2026257

*controller (for CGT purposes) of the company, or an *associate of such a controller, when the arrangement was made or carried out.
 (8) The amount of the reduction is:
 (9) The reduced cost base is to be reduced by any amount that you have deducted or can deduct, or could have deducted except for Subdivision 170‑D, as a result of a *CGT event that happens in relation to a *CGT asset. However, do not make a reduction for an amount that relates to a cost that could never have formed part of the reduced cost base or is excluded from the reduced cost base as a result of another provision of this section.
 (9A) Expenditure does not form part of the reduced cost base to the extent that section 26‑54 prevents it being deducted (even if some other provision also prevents it being deducted).
Note: Section 26‑54 prevents deductions for expenditure related to certain offences.
 (9B) Expenditure does not form part of the reduced cost base to the extent that it is a *bribe to a foreign public official or a *bribe to a public official.
 (9C) Expenditure does not form part of the reduced cost base to the extent that it is in respect of providing *entertainment.
 (9D) Expenditure does not form part of the reduced cost base to the extent that section 26‑5 prevents it being deducted (even if some other provision also prevents it being deducted).
Note: Section 26‑5 denies deductions for penalties.
 (9E) Expenditure does not form part of the reduced cost base to the extent that section 26‑47 prevents it being deducted.
Note: Section 26‑47 denies deductions for the excess of boat expenditure over boat income.
 (9F) Expenditure does not form part of the reduced cost base to the extent that section 26‑22 prevents it being deducted.
Note: Section 26‑22 denies deductions for political contributions and gifts.
 (9G) Expenditure does not form part of the reduced cost base to the extent that section 26‑100 prevents it being deducted.
Note: Section 26‑100 denies deductions for certain expenditure on water infrastructure improvements.
 (9H) Expenditure does not form any part of any element of the reduced cost base to the extent that section 26‑97 prevents it being deducted (even if some other provision also prevents it being deducted).
Note: Section 26‑97 denies deductions for National Disability Insurance Scheme expenditure.
 (9J) Expenditure does not form part of the reduced cost base to the extent that section 26‑31 prevents it being deducted.
Note: Section 26‑31 denies deductions for travel related to the use of residential premises as residential accommodation.
 (9K) Expenditure does not form part of the reduced cost base to the extent that a provision of Division 832 (about