Document ID: chunk:federal_register_of_legislation:C2025C00029:front:0:p21
Version: federal_register_of_legislation:C2025C00029
Segment Type: other
Provision Reference: 
Character Range: 52789–54678

of a loss or outgoing that you can deduct under this section, the amount may be included in your assessable income: see Subdivision 20‑A.

8‑5  Specific deductions
 (1) You can also deduct from your assessable income an amount that a provision of this Act (outside this Division) allows you to deduct.
 (2) Some provisions of this Act prevent you from deducting an amount that you could otherwise deduct, or limit the amount you can deduct.
 (3) An amount that you can deduct under a provision of this Act (outside this Division) is called a specific deduction.
Note: If you receive an amount as insurance, indemnity or other recoupment of a deductible expense, the amount may be included in your assessable income: see Subdivision 20‑A.
For a summary list of provisions about deductions, see section 12‑5.

8‑10  No double deductions
  If 2 or more provisions of this Act allow you deductions in respect of the same amount (whether for the same income year or different income years), you can deduct only under the provision that is most appropriate.

Part 1‑4—Checklists of what is covered by concepts used in the core provisions

Division 9—Entities that must pay income tax

Table of sections
9‑1A Effect of this Division
9‑1 List of entities
9‑5 Entities that work out their income tax by reference to something other than taxable income

9‑1A  Effect of this Division
  This Division is a *Guide.

9‑1  List of entities
  Income tax is payable by the entities listed in the table.
Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold, are provisions of the Income Tax Assessment Act 1936.

Item  Income tax is payable by this kind of entity:                                                                                                                                                               because of this provision: