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 11-4   11-4   DEFINITION OF ``OWNING A CAR''  
If you hire a car under a hire-purchase agreement, you are treated as the owner of the car for the purposes of this Schedule.


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