Document ID: chunk:federal_register_of_legislation:C2010C00637:clause:4_14
Version: federal_register_of_legislation:C2010C00637
Segment Type: clause
Provision Reference: sch 4 cl 14
Character Range: 20404–20826

14  After subsection 104‑135(1)
Insert:

 (1A) In working out the non‑assessable part, disregard any part of the payment that is:
 (a) repaid by you; or
 (b) compensation you paid that can reasonably be regarded as a repayment of all or part of the payment.
The payment can include giving property: see section 103‑5.

 (1B) However, the non‑assessable part is not reduced by any part of the payment that you can deduct.