Document ID: chunk:federal_register_of_legislation:C2025C00029:section:10:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 10 (pt 3/8)
Character Range: 297067–304093

a loss or outgoing, no part of the *termination value of the property is an amount you receive as recoupment of the loss or outgoing.
Note: The termination value is usually the amount you receive because of disposal, loss or destruction of the property.

20‑30  Tables of deductions for which recoupments are assessable
 (1) This table shows the deductions under the Income Tax Assessment Act 1997 for which recoupments are assessable.
Note: References are to section numbers except where otherwise indicated.

Provisions of the Income Tax Assessment Act 1997
Item                                              Provision                                                                                   Description of expense
1.1                                               8‑1 (so far as it allows you to deduct a bad debt, or part of a debt that is bad)           bad debts
1.2                                               8‑1 (so far as it allows you to deduct rates or taxes)                                      rates or taxes
1.3                                               25‑5                                                                                        tax‑related expenses
1.4                                               25‑35                                                                                       bad debts
1.5                                               25‑45                                                                                       embezzlement or larceny by an employee
1.5A                                              25‑47                                                                                       misappropriation by an employee or agent
1.6                                               25‑60                                                                                       election expenses, Commonwealth and State elections
1.6A                                              25‑65                                                                                       election expenses, local governing body
1.7                                               25‑75                                                                                       rates and land taxes on premises used to produce mutual receipts
1.8                                               The former 25‑80                                                                            upgrading assets to meet GST obligations etc.
1.8A                                              25‑95                                                                                       work in progress amount
1.8B                                              item 7 of the table in section 30‑15                                                        contributions relating to fund‑raising events
1.8C                                              item 8 of the table in section 30‑15                                                        contributions relating to fund‑raising auctions
1.9                                               Division 40                                                                                 capital allowances
1.10                                              The former Division 42 (as it applied to *software because of the former Subdivision 46‑B)  expenditure on software
1.11                                              The former Subdivision 46‑C                                                                 expenditure on software
1.12                                              The former Subdivision 46‑D                                                                 expenditure on software, pooled
1.13                                              The former Division 42 (as it applied to *IRUs because of Division 44)                      expenditure on IRUs
1.14                                              The former 330‑15                                                                           exploration or prospecting expenditure
1.15                                              The former 330‑80                                                                           allowable capital expenditure relating to mining or quarrying
1.16                                              The former 330‑350                                                                          petroleum resource rent tax
1.17                                              The former 330‑370                                                                          transport capital expenditure relating to mining or quarrying
1.18                                              The former 330‑435                                                                          rehabilitation expenditure relating to mining or quarrying
1.19                                              The former 330‑485                                                                          balancing adjustment deduction for expenditure relating to mining or quarrying
1.19A                                             Division 355                                                                                R&D
1.20                                              The former Subdivisions 380‑A and 380‑C                                                     capital expenditure incurred in obtaining a spectrum licence
1.21                                              The former Subdivision 387‑A                                                                landcare operations expenditure
1.22                                              The former Subdivision 387‑B                                                                expenditure on facilities to conserve or convey water
1.23                                              The former Subdivision 387‑D                                                                grapevine establishment expenditure
1.24                                              The former Subdivision 387‑C                                                                horticultural plant establishment expenditure
1.25                                              The former Subdivision 387‑E                                                                mains electricity connection expenditure
1.26                                              The former Subdivision 400‑A                                                                expenditure on environmental impact assessment
1.27                                              The former Subdivision 400‑B                                                                expenditure on environmental protection activities
1.27A                                             420‑15                                                                                      registered emissions unit
1.28                                              775‑30                                                                                      forex realisation loss

 (2)