Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 2/4)
Character Range: 2007661–2010356

part of any element of the 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.
 (2) Expenditure does not form part of any element of the cost base to the extent that it is a *bribe to a foreign public official or a *bribe to a public official.
 (3) Expenditure does not form part of any element of the cost base to the extent that it is in respect of providing *entertainment.
 (4) Expenditure does not form part of any element of the 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.
 (4A) Expenditure does not form part of any element of the 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.
 (5) Expenditure does not form part of any element of the 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.
 (6) Expenditure does not form part of any element of the cost base to the extent that section 26‑22 prevents it being deducted.
Note: Section 26‑22 denies deductions for political contributions and gifts.
 (7) Expenditure does not form any part of any element of the 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.
 (8) Expenditure does not form part of any element of the 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.
 (9) Expenditure does not form part of any element of the cost base to the extent that a provision of Division 832 (about hybrid mismatch rules) prevents it being deducted.

110‑40  Assets acquired before 7.30 pm on 13 May 1997
 (1) This section prevents some expenditure from forming part of one or more elements of the *cost base of a *CGT asset *acquired at or before 7.30 pm, by legal time in the Australian Capital Territory, on 13 May 1997. (The expenditure mentioned in this section can include giving property: see section 103‑5.)
Note: For the cost base of a partnership interest you acquire at or before that time, see section 110‑43.
 (2) Expenditure does not form part of the second or third element