Document ID: chunk:federal_register_of_legislation:C2025C00029:section:10:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 10 (pt 4/8)
Character Range: 303190–309766

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) This table shows the deductions under the Income Tax Assessment Act 1936 for which recoupments are assessable.
Note: References are to section numbers except where otherwise indicated.

Provisions of the Income Tax Assessment Act 1936
Item                                              Provision                                                                                    Description of expense
2.1                                               Former 51(1) (so far as it allowed you to deduct a bad debt, or part of a debt that is bad)  bad debts
2.2                                               Former 51(1) (so far as it allowed you to deduct rates or taxes)                             rates or taxes
2.3                                               63                                                                                           bad debts
2.4                                               Former 69                                                                                    tax‑related expenses
2.5                                               Former 70A(3)                                                                                mains electricity connection expenditure
2.6                                               Former 71                                                                                    embezzlement or larceny by an employee
2.7                                               Former 72                                                                                    rates and land tax
2.7A                                              Former 72A                                                                                   a payment of petroleum resource rent tax, or an instalment of petroleum resource rent tax, or a credit under paragraph 99(d) of the Petroleum Resource Rent Tax Assessment Act 1987 in respect of a payment of such an instalment
2.8                                               Former 73B, 73BA or 73BH                                                                     research and development activity expenditure
2.9                                               Former 74                                                                                    election expenses, Commonwealth and State elections
2.9A                                              Former 74A                                                                                   election expenses, local governing body
2.10                                              Former 75AA(1) or (6)                                                                        grape vine establishment expenditure
2.11                                              Former 75B(2) or (3A)                                                                        water conservation or conveyance expenditure
2.12                                              Former 75D(2)                                                                                land degradation prevention expenditure
2.13                                              Former 82AB                                                                                  development allowance expenditure
2.14                                              Former 82BB                                                                                  environmental impact study expenditure
2.15                                              Former 82BK                                                                                  environmental protection expenditure
2.17                                              Former Division 10 of Part III                                                               mining and quarrying expenditure
2.18                                              Former Division 10AAA of Part III                                                            expenditure on transport of minerals and quarry materials
2.19                                              Former Division 10AA of Part III                                                             expenditure on prospecting and mining for petroleum
2.20                                              Former 124BA                                                                                 expenditure on rehabilitating mining, quarrying and petroleum sites
2.21                                              Former 124ZZF                                                                                horticultural plant establishment expenditure (effective life of the plant less than 3 years)
2.22                                              Former 124ZZG                                                                                horticultural plant establishment expenditure (effective life of the plant more than 3 years)
2.23                                              Former 628                                                                                   drought mitigation property expenditure by a primary producer
2.24                                              Former 636                                                                                   drought mitigation property expenditure by a leasing company

How much is included in your assessable income?

20‑35  If the expense is deductible in a single income year
 (1) Your assessable income includes an *assessable recoupment of a loss or outgoing if:
 (a) you can deduct the whole of the loss or outgoing for the *current year; or
 (b) you have deducted or can deduct the whole of the loss or outgoing for an earlier income year.
Note 1: The operation of this section may be