Income Tax Assessment Act 1997

• Section 8-1 — deductions for expenses incurred earning assessable income, this is the main section covering deductions.
• Section 25-5 — tax deductibility of expenditure on managing tax affairs. This is a separate provision because such expenditure is not directly related to producing income.
• Section 70-10 — the definition of "trading stock", including shares etc. held by someone in the business of buying and selling those.
• Parts 3-1 and 3-3, being sections 100-1 to 152-425 — capital gains tax.
• * Section 104-5 — the set of events that give rise to CGT consequences.
• * Section 104-145 — liquidator declaring shares to be worthless.
• * Section 116-30 — gifts treated as disposals at market value.
• Division 43 — building allowance, treated separate from other forms of depreciation.