INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

SCHEDULE 2A  

Calculating car expense deductions


TABLE OF DIVISIONS


1 Overview of the main points in this Schedule
2 Choosing which method to use
3 The ``cents per kilometre'' method
4 The ``12% of original value'' method
5 The ``one-third of actual expenses'' method
6 The ``log book'' method
7 Keeping a log book
8 Odometer records for a period
9 Retaining the log book and odometer records
10 Situations where you don't need to use one of the 4 methods
11 Definitions of ``car'', ``car expense'', ``holding a car'' and ``owning a car''

Division 11 - Definitions of ``car'', ``car expense'', ``holding a car'' and ``owning a car''  

SECTION 11-3  

11-3   DEFINITION OF ``HOLDING A CAR''  
You hold a car while you own it, or it is leased to you, for use in the course of producing your assessable income, even if it is also used for some other purpose.


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