The Commonwealth Treasury

Tax Expenditures Statement

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D Business tax benchmark

Income tax benchmark

D1 Income tax exemption for registered health benefit organisations

D2 Income tax exemption for public and non-profit hospitals

D3 Income tax exemption for religious, scientific, charitable or public educational institutions

D4 Concessional taxation treatment of mining payments made in respect of mining and exploration activities on Aboriginal land

D5 Taxation of life insurance investment income

D6 Income tax exemption for certain non-profit societies

D7 Income tax exemption for the Australian Film Finance Corporation

D8 Income tax exemption for certain promotion and development non-profit societies

D9 Income tax averaging for primary producers

D10 Deferment of income from a double wool clip

D11 Spreading insurance recoveries for loss of timber or livestock

D12 Valuation of livestock from natural increase

D13 Transitional trading stock rules for oyster farmers

D14 Income tax exemption for Dairy Exit Program payments

D15 Condensate excise free status

D16 Infrastructure Bonds Scheme

D17 Infrastructure Borrowings Tax Offset Scheme

D18 Income tax exemption for sale, transfer or assignment of mining rights

D19 Income tax exemption for funds established for scientific research

D20 Income tax exemption for trade unions and registered organisations

D21 Income tax exemption for CRAFT apprenticeship rebates

D22 Concessional tax rate for the life insurance business of friendly societies

D23 Income tax exemption for current pension liabilities

D24 Income tax exemptions for foreign superannuation funds

D25 Pooled Development Funds (PDFs)

D26 Concessional treatment of some credit unions

D27 Income tax exemption for business assistance grants from the Katherine District Business Re-Establishment Fund

D28 Income tax exemption for business grants from the Cyclones Elaine and Vance Trust Account

D29 Transitional taxation of life insurance management fees

D30 Income tax exemption for State/Territory bodies

D31 Income tax exemption for municipal authorities and other local governing bodies

Capital gains tax (CGT) benchmark

D32 CGT exemption for valour or brave conduct decorations

D33 CGT treatment of perpetual conservation covenants

D34 CGT main residence exemption

D35 CGT exemption for the disposal of assets under the Cultural Bequests and Cultural Gifts programs

D36 Venture capital concessions

D37 Small business 50 per cent CGT exemption

D38 Small business CGT roll-over

D39 Small business CGT partial exemption for goodwill

D40 Exemption from reducing the cost base of trusts for CGT purposes

D41 CGT discount for individuals and trusts

D42 CGT scrip-for-scrip roll-over relief

D43 CGT roll-over for assets compulsorily acquired, lost or destroyed

D44 CGT discount for investors in listed investment companies (LICs)

D45 Non-imposition of CGT on capital gains that accrue before an asset becomes a segregated pension asset but are realised after the asset becomes a segregated pension asset.

D46 Taxation relief for demergers

D47 Removal of taxation of financial instruments at point of conversion or exchange

Deductions benchmark

D48 Tax incentives for film investment

D49 Film Licensed Investment Companies

D50 Refundable tax offset for large scale film production

D51 Accelerated depreciation for water management costs

D52 Landcare deduction

D53 Landcare offset

D54 Deduction for horse breeding stock

D55 Depreciation of the capital cost of telephone lines and mains electricity

D56 Tax write-off for horticultural plants

D57 Accelerated depreciation for grapevine plantings

D58 Drought investment allowance

D59 Development allowance

D60 Capital expenditure deduction for mining, quarrying and petroleum operations

D61 Deduction for patents, designs and copyrights

D62 Exploration and prospecting deduction

D63 Deduction for expenditure on environmental impact studies

D64 Deduction for environmental protection activities

D65 Depreciation to nil value rather than estimated scrap value

D66 Depreciation balancing adjustment roll-over relief

D67 Balancing charge roll-over relief for exploration, mining and quarrying activities

D68 Absence of cost base recapture for certain assets

D69 Accelerated depreciation allowance for plant and equipment

D70 Accelerated depreciation for employees' amenities

D71 Accelerated depreciation for mining buildings

D72 Depreciation pooling for low-value assets

D73 Accelerated depreciation for Australian trading ships

D74 Statutory effective life caps

D75 The Simplified Tax System

D76 Transitional exemption of small business from abolition of accelerated depreciation, balancing charge offset and low-value pooling

D77 Research and development (R&D) refundable tax offset for small companies

D78 Research and development (R&D) tax concession

D79 Premium tax concession for additional research and development (R&D) expenditure

D80 Accelerated depreciation for software

D81 Immediate deduction relating to Y2K upgrades

D82 Immediate deductibility for GST-related plant and software

D83 Prepayment rule for Simplified Tax System (STS) taxpayers and non-business expenditure by individuals

D84 Transitional arrangements for prepayments

D85 The 10-year rule for prepayments

D86 Exemption from the tax shelter prepayments measure for passive investments

D87 Prepayment rule for forestry managed investments

D88 Capitalisation of ownership costs of assets held partly for private use

D89 Exemption from non-commercial losses provisions (primary producers and artists)

D90 Deductibility of expenses incurred in providing entertainment free to members of the public who are sick, disabled, poor or otherwise disadvantaged

D91 Income Equalisation Deposits (IED) scheme

D92 Farm Management Deposit (FMD) scheme

D93 Deduction to co-operative companies

International benchmark

D94 Income tax exemption for prescribed international organisations

D95 IWT exemption for certain overseas organisations

D96 DWT exemption for certain overseas organisations

D97 IWT and DWT exemptions for prescribed international organisations

D98 Tax sparing provisions in Australia's double tax agreements (DTAs)

D99 Exemption for branch profits from foreign tax credit system

D100 Income tax exemption for certain US projects in Australia

D101 Half IWT on foreign bank branch interest payments to the foreign bank

D102 Deductibility of costs of setting up a regional headquarters

D103 Concessional tax treatment of income of offshore banking units

D104 DWT exemption for Pooled Development Funds

D105 De minimis exemption for thin capitalisation

D106 Concessional tax treatment for foreign authorised deposit-taking institutions (ADIs)

D107 Exemption of non-portfolio dividends from the foreign tax credit system

D108 Exemption from accrual taxation for controlled foreign companies

D109 Exemption from accrual taxation for transferor trusts

D110 Exemption from IWT on widely held debentures