#### 25‑45 Loss by theft etc. You can deduct a loss in respect of money if: (a) you discover the loss in the income year; and (b) the loss was caused by theft, stealing, embezzlement, larceny, defalcation or misappropriation by your employee or \*agent (other than an individual you employ solely for private purposes); and (c) the money was included in your assessable income for the income year, or for an earlier income year. > Note: If you receive an amount as recoupment of the loss, the amount may be included in your assessable income: see Subdivision 20‑A.

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Section 25‑45 Loss by theft etc. - Income Tax Assessment Act 1997 - 25‑45 Loss by theft etc. — Zoe