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Income Tax Assessment Act 1997 is an act of the Parliament of Australia. It is one of the main statutes under which income tax is calculated. The Act is a rewrite in plain English of the prior Income Tax Assessment Act 1936. New matters are now generally added to the 1997 Act rather than the 1936 Act. Highlights of the act are: * 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 (CGT). * * Section 104-5 — the set of events that give rise to CGT consequences. * * Section 104-145 — liquidator declaring shares to be worthless (effective 11 November 1999). * * Section 116-30 — gifts treated as disposals at market value. * Division 43 — building allowance, treated separate from other forms of depreciation. == See also == * Taxation in Australia * Income tax in Australia 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Income Tax Assessment Act 1997」の詳細全文を読む スポンサード リンク
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