INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision F - Substantiation of certain expenses of years of income up to and including 1993-94  

SECTION 82KTB   82KTB   HOLDING PERIOD OF CAR OR MOTOR VEHICLE  
Unless the contrary intention appears, a reference in this Subdivision:


(a) to a period in a year of income during which a taxpayer held a car; or


(b) to a period in a year of income during which a taxpayer held a motor vehicle;

is a reference to the period that:


(c) commences on whichever of the following times is applicable:


(i) if the taxpayer held the car or the motor vehicle, as the case may be, at the time of commencement of the year of income - that time;

(ii) in any other case - the time in the year of income when the taxpayer commenced to hold the car or the motor vehicle, as the case may be; and


(d) ends at whichever of the following times is applicable:


(i) if the taxpayer continued to hold the car or the motor vehicle, as the case may be, until the time of the end of the year of income - that time;

(ii) in any other case - the time in the year of income when the taxpayer ceased to hold the car or the motor vehicle, as the case may be.

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