20‑5 Other provisions that reverse the e20‑5 Other provisions that reverse the effect of deductions

#### 20‑5 Other provisions that reverse the effect of deductions The table lists other provisions that reverse the effect of certain kinds of deductions. 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. ```html <table cellspacing="0" cellpadding="0" style="width:309pt; margin-left:52.5pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:298.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Provisions that adjust your tax position in respect of deductions</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">Item</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">In this situation:</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">See:</span></p></td></tr></thead><tbody><tr><td style="width:22.8pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:169.8pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>A balancing adjustment for a depreciating asset is included in your assessable income.</span></p></td><td style="width:84pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>40</span><span>‑</span><span>285(1) and 40</span><span>‑</span><span>445(2)</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>An amount you receive by way of insurance or indemnity for a loss of trading stock is included in your assessable income.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>70</span><span>‑</span><span>115</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2A</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Limited recourse debt that was used to finance expenditure deductible under a capital allowance (or on property for which you have deducted or can deduct amounts under a capital allowance) terminates: an amount is included in your assessable income</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>243</span><span>‑</span><span>40</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Because of:</span></p><p class="TLPTableBullet"><span>•</span><span style="width:10.7pt; text-indent:0pt; display:inline-block"> </span><span>petroleum resource rent tax; or</span></p><p class="TLPTableBullet"><span>•</span><span style="width:10.7pt; text-indent:0pt; display:inline-block"> </span><span>an instalment of petroleum resource rent tax;</span></p><p class="Tabletext"><span>that you have deducted or can deduct, an amount is refunded, credited, paid or applied: the amount is included in your assessable income.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>40</span><span>‑</span><span>750(3)</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>You receive a fringe benefit by way of reimbursement or payment of a loss or outgoing you incurred: your deduction for the loss or outgoing is reduced.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span style="font-weight:bold">51AH</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>7</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>You receive an amount as recoupment for your local governing body election expenses: an amount is included in your assessable income.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span style="font-weight:bold">74A(4)</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>8</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>You receive superannuation benefits as a result of someone’s deductible contributions: the benefits are included in your assessable income.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>290</span><span>‑</span><span>100</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>9</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>An R&amp;D entity receives or becomes entitled to receive an amount:</span></p><p class="TLPTableBullet"><span>•</span><span style="width:10.7pt; text-indent:0pt; display:inline-block"> </span><span>for, or relating to, the results of R&amp;D activities; or</span></p><p class="TLPTableBullet"><span>•</span><span style="width:10.7pt; text-indent:0pt; display:inline-block"> </span><span>attributable to it incurring expenditure on R&amp;D activities or to its use of a depreciating asset for the purpose of conducting R&amp;D activities;</span></p><p class="Tabletext"><span>and the entity is entitled under Division</span><span> </span><span>355 to a tax offset relating to those R&amp;D activities.</span></p><p class="Tabletext"><span>The amount is included in its assessable income.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>355</span><span>‑</span><span>410</span></p></td></tr><tr><td style="width:22.8pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>10</span></p></td><td style="width:169.8pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>An R&amp;D entity:</span></p><p class="TLPTableBullet"><span>•</span><span style="width:10.7pt; text-indent:0pt; display:inline-block"> </span><span>receives, or becomes entitled to receive, a recoupment from government relating to R&amp;D activities; or</span></p><p class="TLPTableBullet"><span>•</span><span style="width:10.7pt; text-indent:0pt; display:inline-block"> </span><span>can deduct, under Division</span><span> </span><span>355, expenditure on goods, materials or energy used during R&amp;D activities to produce marketable products or products applied to the R&amp;D entity’s own use;</span></p><p class="Tabletext"><span>and the entity is entitled under Division</span><span> </span><span>355 to a tax offset relating to those R&amp;D activities.</span></p><p class="Tabletext"><span>An amount is included in its assessable income.</span></p></td><td style="width:84pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Subdivision</span><span> </span><span>355</span><span>‑</span><span>G</span></p></td></tr></tbody></table> ```