Divisions

Question 1

Division 4

Answer 1

How to work out the income tax payable on your taxable income

Question 2

Division 5

Answer 2

How to work out when to pay your income tax

Question 3

Division 6

Answer 3

Assessable income and exempt income

Question 4

Division 8

Answer 4

Deductions

Question 5

Division 13

Answer 5

List of Tax offsets

Question 6

Division 28

Answer 6

Car expenses

Question 7

Division 30

Answer 7

Gifts or contributions

Question 8

Division 36

Answer 8

Tax losses of earlier income years

Question 9

Division 40

Answer 9

Capital Allowances

Question 10

Division 70

Answer 10

Trading Stock

Question 11

Division 100

Answer 11

Capital Gain Tax

Question 12

Division 207

Answer 12

Imputation

Question 13

Division 230

Answer 13

Taxation of Financial Arrangements

Question 14

Division 328

Answer 14

Small business concessions

Question 15

Division 355

Answer 15

Research & Development

Question 16

Division 820

Answer 16

Thin Capitalisation

Question 17

Division 703

Answer 17

Consolidated Groups

Question 18

Division 974

Answer 18

Debt/equity rules

Question 19

Division 152

Answer 19

CGT Concessions for SBEs

Question 20

Division 35

Answer 20

Non-Commercial Losses for Individuals

Question 21

Divisions 84 to 87

Answer 21

PSI

Question 22

Division 203

Answer 22

Dividend Benchmark Rule

Question 23

Division 202

Answer 23

Maximum Franking Credit Rule

Question 24

Division 775

Answer 24

Foreign exchange gain and losses

Question 25

Division 104

Answer 25

CGT events

Question 26

Division 295

Answer 26

Taxation of superannuation entities

Question 27

Division 240

Answer 27

HP agreements

Question 28

Division 32

Answer 28

Entertainment expenses

Question 29

Division 41

Answer 29

Additional deductions for certain new business investment

Question 30

Division 50

Answer 30

Exempt entities

Question 31

Divisions 82 and 83

Answer 31

Employment Termination Payment

Question 32

Division 130

Answer 32

Investments

Question 33

Division 132

Answer 33

Leases

Question 34

Division 137

Answer 34

Granny flat arrangements

Question 35

Division 175

Answer 35

Loss anti-avoidance arrangements

Question 36

Division 220

Answer 36

Trans-tasman imputation system

Question 37

Division 242

Answer 37

Luxury cars leases

Question 38

Division 245

Answer 38

Forgiveness of commercial debts

Question 39

Division 25

Answer 39

Particular types of deductions

Question 40

Division 26

Answer 40

Some amounts you cannot deduct, or cannot deduct in full

Question 41

Division 67

Answer 41

Refundable tax offsets

Question 42

Division 59

Answer 42

Particular types of NANE

Question 43

Divisions 61 to 67

Answer 43

Tax offsets

Question 44

Division 52

Answer 44

Certain pensions, benefits and allowances are exempt from income tax

Question 45

Division 11

Answer 45

Particular kinds of non-assessable income

Question 46

Division 995

Answer 46

Definitions

Question 47

Division 15

Answer 47

Some items of assessable income

Question 48

Division 43

Answer 48

Deductions for capital works

Question 49

Division 290

Answer 49

Contributions to superannuation funds

Question 50

Division 900

Answer 50

Substantiation rules

Question 51

Division 10

Answer 51

Particular kinds of assessable income

Question 52

Division 9

Answer 52

Entities that must pay income tax

Question 53

Division 116

Answer 53

CGT Capital proceeds

Question 54

Division 118

Answer 54

CGT Exemptions

Question 55

Division 110

Answer 55

Cost base and reduced cost base

Question 56

Division 112

Answer 56

Modifications to cost base and reduced cost base

Question 57

Division 114

Answer 57

Indexation of cost base

Question 58

Division 115

Answer 58

Discount capital gains

Question 59

Subdivision 118-B

Answer 59

CGT Main residence

Question 60

Division 205

Answer 60

Franking account and franking deficit tax liability

Question 61

Division 204

Answer 61

Anti-streaming provisions (dividends)

Question 62

Division 165

Answer 62

Income tax consequences of changing ownership or control of a company (BCT and COT)

Question 63

Division 701

Answer 63

Single Entity rules (consolidated groups)

Question 64

Division 721

Answer 64

Liability for payment of tax where head company fails to pay on time (including TSA)

Question 65

Division 705

Answer 65

Tax cost setting amount for assets where entities become subsidiary members of consolidated groups

Question 66

Division 707

Answer 66

Losses for head companies when entities become members

Question 67

Division 770

Answer 67

Foreign income tax offsets (FITO)

Question 68

Division 768

Answer 68

Foreign non-assessable income and gains

Question 69

Division 802

Answer 69

Foreign residents' income with an underlying foreign source

Question 70

Division 840

Answer 70

Withholding taxes

Question 71

Division 832

Answer 71

Hybrid mismatch rules

Question 72

Division 855

Answer 72

Capital gains and foreign residents

Question 73

Division 108

Answer 73

CGT assets

Question 74

Division 109

Answer 74

Acquisition of CGT assets

Question 75

Division 815

Answer 75

Transfer pricing

Question 76

Division 393

Answer 76

Farm Management Deposits

Question 77

Division 360

Answer 77

Early stage investors in innovation companies

Question 78

Division 615

Answer 78

Roll-overs for business restructures

Question 79

Division 125

Answer 79

Demerger relief