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Item 3: Total cost of motor vehicles

Last updated 30 March 2020

At C, write the total cost of all motor vehicles for which you are claiming a deduction for decline in value for the first time this income year.

Note: Do not include the cost of cars for which you have calculated car expenses using the cents per kilometre method or the 12% of original value method as you cannot deduct an amount for the decline in value of these cars under the UCA.

QC27593