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Income Tax Assessment Act 1997
13‑1 List of tax offsets13‑1 List of tax offsets
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#### 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 | |
| critical minerals | |
| .................................... | Division 419 |
| 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 ............... | 82‑1082‑70 |
| 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 |
| hydrogen production | |
| .................................... | Division 421 |
| 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 ............................. | 302‑75302‑85302‑145 |
| excess concessional contributions ................ | 291‑15(b) |
| first home super saver scheme .................. | 313‑25 |
| member benefits ........................... | 301‑20301‑25301‑35301‑40301‑95301‑100301‑105301‑115 |
| 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 |
Chapter 2—Liability rules of general application