Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 40 - Capital allowances  

Subdivision 40-B - Core provisions  

Operative provisions

SECTION 40-55   40-55   Use of the " cents per kilometre " car expense deduction method  


You cannot deduct any amount for the decline in value of a *car for an income year if you use the " cents per kilometre " method for the car for that year.
Note:

See Subdivision 28-C for that method.


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