Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p15
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 15/16)
Character Range: 7594366–7597515

977‑20 Realisation event
977‑25 Disposal of trading stock: loss realised for income tax purposes
977‑30 Ending of an income year: loss realised for income tax purposes
977‑35 Disposal of trading stock: gain realised for income tax purposes
977‑40 Ending of an income year: gain realised for income tax purposes
Revenue assets
977‑50 Meaning of revenue asset
977‑55 Loss or gain realised for income tax purposes
Division 980—Affordable housing
Guide to Division 980
980‑1 What this Division is about
Subdivision 980‑A—Providing affordable housing
Operative provisions
980‑5 Providing affordable housing
980‑10 Eligible community housing providers
980‑15 Affordable housing certificates
Part 6‑5—Dictionary definitions
Division 995—Definitions
995‑1 Definitions

Chapter 5—Administration

Part 5‑30—Record‑keeping and other obligations

Division 900—Substantiation rules

Table of Subdivisions
 Guide to Division 900
900‑A Application of Division
900‑B Substantiating work expenses
900‑C Substantiating car expenses
900‑D Substantiating business travel expenses
900‑E Written evidence
900‑F Travel records
900‑G Retaining and producing records
900‑H Relief from effects of failing to substantiate
900‑I Award transport payments

Guide to Division 900

900‑1  What this Division is about

      This Division sets out the substantiation rules that apply to certain types of losses or outgoings.

Subdivision 900‑A—Application of Division

Table of sections
900‑5 Application of the requirements of Division 900
900‑10 Substantiation requirement
900‑12 Application to recipients and payers of certain withholding payments

900‑5  Application of the requirements of Division 900
 (1) The requirements of this Division apply to an individual.
 (2) They also apply to a partnership that includes at least one individual, as if the partnership were an individual.
 (3) They do not apply to any other entity.

900‑10  Substantiation requirement
  To deduct certain types of losses or outgoings, you need to substantiate them under this Division.

Item  For this type of loss or outgoing:  see:
1.    Work expenses                       Subdivision 900‑B
2.    Car expenses                        Subdivision 900‑C
3.    Business travel expenses            Subdivision 900‑D

Note: There are exceptions to these requirements:
• Subdivision 900‑B has some specific exceptions about work expenses.
• Subdivision 900‑H provides for relief from the effects of failing to substantiate.
• Subdivision 900‑I has an exception about certain losses or outgoings related to award transport payments.

900‑12  Application to recipients and payers of certain withholding payments

Application to recipients
 (1) If an individual receives, or is entitled to receive, *withholding payments covered by subsection (3), this Division applies to him or her:
 (a) in the same way as it applies to an employee; and
 (b) as if an entity that makes (or is liable to make) such payments to him or her were his or her employer; and
 (c) as if the withholding payments covered by subsection (3) that he or she receives (or is entitled to receive) were salary or wages.

Application to