Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Division sets out some amounts you can deduct. Remember that the general rules about deductions in Division 8 (which is about general deductions) apply to this Division.
Table of sections
Operative provisions
25 - 5 Tax - related expenses
25 - 10 Repairs
25 - 15 Amount paid for lease obligation to repair
25 - 20 Lease document expenses
25 - 25 Borrowing expenses
25 - 30 Expenses of discharging a mortgage
25 - 35 Bad debts
25 - 40 Loss from profit - making undertaking or plan
25 - 45 Loss by theft etc.
25 - 47 Misappropriation where a balancing adjustment event occurs
25 - 50 Payments of pensions, gratuities or retiring allowances
25 - 55 Payments to associations
25 - 60 Parliament election expenses
25 - 65 Local government election expenses
25 - 70 Deduction for election expenses does not extend to entertainment
25 - 75 Rates and land taxes on premises used to produce mutual receipts
25 - 85 Certain returns in respect of debt interests
25 - 90 Deduction relating to foreign non - assessable non - exempt income
25 - 95 Deduction for work in progress amounts
25 - 100 Travel between workplaces
25 - 110 Capital expenditure to terminate lease etc.
25 - 115 Deduction for payment of rent from land investment by operating entity to asset entity in relation to approved economic infrastructure facility
25 - 120 Transitional--deduction for payment of rent from land investment by operating entity to asset entity
25 - 125 COVID - 19 tests