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INCOME TAX ASSESSMENT ACT 1997 - SECT 13.1

List of tax offsets

    The provisions set out in the list allow you a tax offset.

    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.

 

Aboriginal study assistance

 

see social security and other benefit payments

 

annual leave

 

see leave payments

 

annuity

 

see superannuation

 

approved deposit funds (ADFs)

 

see dividends

 

attribution managed investment trusts

 

non - resident beneficiary ................

276 - 110

averaging

 

see primary production

 

bonuses

 

see life assurance

 

child

 

increased tax payable under Part   III Division   6AA, unreasonable  


102AH

trust income ..............................

100(2)

corporate unit trusts

 

see dividends

 

Cyclone Larry or Cyclone Monica income support payment

 

see social security and other benefit payments

 

defence force

 

members serving overseas ....................

79B

dependants

 

invalid relative, invalid spouse or carer in receipt of carer benefit  

Subdivision   61 - A

dividends

 

general .................................

207 - 20(2), 207 - 45, 207 - 110(2)(c), 210 - 170(1)

early stage venture capital limited partnerships

 

contributions to ESVCLPs.........................................

Subdivision   61 - P

employment termination

 

employment termination payments ...............

82 - 10
82 - 70

see leave payments , superannuation and sections   82 - 10A and 82 - 10C of the Income Tax (Transitional Provisions) Act 1997

 

Equine Workers Hardship Wage Supplement Payment

 

see social security and other benefit payments

 

exploration for minerals

 

junior minerals exploration incentive .............

Subdivision   418 - B

film

 

  ....................................

Division   376

foreign income tax

 

foreign income tax paid, tax offset for .............

Division   770

franking deficit tax

 

liabilities to pay ............................

205 - 70

franked dividends

 

see dividends

 

hardship

 

see child

 

housing

 

National Rental Affordability. ..................

Division   380

imputation

 

see dividends and franking deficit tax

 

innovation companies

 

certain shares issued to early stage investors .........

Subdivision   360 - A

inter - corporate dividends

 

see dividends

 

interest

 

tax paid on by company ......................

127

interim income support payment

 

see social security and other benefit payments

 

invalid relative

 

see dependants

 

leave payments

 

unused annual leave payment .......... ..............

83 - 15

unused long service leave payment ...............

83 - 85

see employment termination

 

legal disability

 

see trusts

 

life assurance

 

bonus, receipt of ...........................

160AAB

life insurance company

 

subsidiary joining consolidated group .............

713 - 545(5)

long service leave

 

see leave payments

 

losses

 

loss carry back ............................

Division   160

low income earner

 

aged or pensioner beneficiary , trustee liable to be assessed for beneficiary's share of net income of trust estate              


160AAAB

aged person or pensioner ......................

160AAAA

general .................................

Subdivision   61 - D

lump sum income arrears

 

receipt of ................................

159ZRA, 159ZRB , Subdivision   61 - L

non - resident beneficiary

 

see trusts

 

non - resident trust estate

 

see trusts

 

overseas defence force service

 

see defence force

 

partnerships

 

see dividends , housing and small business entities

 

pension

 

see social security and other benefit payments

 

pooled superannuation trusts (PSTs)

 

see dividends

 

primary production

 

averaging of income, trustees ..................

156

averaging of tax liability, individuals .............

392 - 35(2)

farm household allowance see social security and other benefit payments


 

interim income support payments see social security and other benefit payments

 

private health insurance

 

......................................

Subdivision   61-G

public trading trust

 

see dividends

 

public unit trust

 

see dividends

 

R&D

Division   355

residents of isolated areas

 

see zone

 

small business

 

small business income .......................

Subdivision   328 - F

social security and other benefit payments

 

Aboriginal study assistance scheme ..............

160AAA(3)

children, assistance for isolated .................

160AAA(3)

Cyclone Larry or Cyclone Monica income support payment  


160AAA(3)

Disaster income support allowance for special category visa (subclass 444) holders              


160AAA(3)

Equine Workers Hardship Wage Supplement Payment ..

160AAA(3)

farm household allowance under the Farm Household Support Act 2014 see unemployment and other benefit payments under the Social Security Act 1991


 

interim income support payment .................

160AAA(3)

pension, social security pension and veteran's pension ..

160AAAA

textile, clothing and footwear allowance ............

160AAA(3)

unemployment and other benefit payments under the Social Security Act 1991              


160AAA(3)

superannuation

 

generally ................................

Divisions   301 and 302

associated earnings on non - concessional contributions  

Subdivision   292 - B

spouse contributions ........................

Subdivision   290 - D

death benefits .............................

302 - 75
302 - 85
302 - 145

excess concessional contributions ................

291 - 15(b)

first home super saver scheme ..................

313 - 25

member benefits ...........................

301 - 20
301 - 25
301 - 35
301 - 40
301 - 95
301 - 100
301 - 105
301 - 115

TFN quoted to superannuation or RSA provider after no - TFN contributions tax paid              


295 - 675

veterans' invalidity pensions ...................

Subdivision   301 - F

termination payments

 

see employment termination , leave payments and superannuation

 

trustee

 

see dividends , low income earner and trusts

 

trusts

 

beneficiary in a foreign trust ...................

98B

non - resident beneficiary ................

98A(2)(a)

trust income of beneficiary with legal disability .......

100(2)

trust income (modifications for special disability trusts) .


95AB(5)

see also dividends , housing and small business entities

 

United Nations forces

 

salary, wages and allowances from service as a member of  


23AB(7)

unemployment benefits

 

see social security and other benefit payments

 

unit trusts

 

see dividends

 

winding - up of non - resident trust estates

 

see trusts

 

withholding payments

 

made by companies to Australian seafarers ..........

Subdivision   61 - N

zone

 

residents of isolated areas .....................

79A



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