20‑10 What this Subdivision is about20‑10 What this Subdivision is about

#### 20‑10 What this Subdivision is about Recoupment of expenses you incurred and can deduct Your assessable income may include an amount that you receive by way of insurance, indemnity or other recoupment if:  it is for a deductible expense; and  it is not otherwise assessable income. Recoupment of expenses you did not incur but can deduct Your assessable income may include an amount that another entity receives by way of insurance, indemnity or other recoupment if:  it is for an expense that you can deduct; and  it is not otherwise your assessable income. Table of sections 20‑15 How to use this Subdivision What is an assessable recoupment? 20‑20 Assessable recoupments 20‑25 What is recoupment? 20‑30 Tables of deductions for which recoupments are assessable How much is included in your assessable income? 20‑35 If the expense is deductible in a single income year 20‑40 If the expense is deductible over 2 or more income years 20‑45 Effect of balancing charge 20‑50 If the expense is only partially deductible 20‑55 Meaning of previous recoupment law What if you can deduct a loss or outgoing incurred by another entity? 20‑60 If you are the only entity that can deduct an amount for the loss or outgoing 20‑65 If 2 or more entities can deduct amounts for the loss or outgoing