INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III
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LIABILITY TO TAXATION
Division 3
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Deductions
Subdivision F
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Substantiation of certain expenses of years of income up to and including 1993-94
SECTION 82KTF
82KTF
REASONABLE ESTIMATE OF UNDERLYING BUSINESS PERCENTAGE
For the purposes of this Subdivision, the percentage that represents a reasonable estimate of the underlying business percentage applicable to a car held by a taxpayer during a period in a year of income shall be determined having regard to all relevant matters including, but without limiting the generality of the foregoing:
(a) any log book records, odometer records or other records maintained by or on behalf of the taxpayer; and
(b) any variations in the pattern of use of the car.
View history note
Hide history noteFor the purposes of this Subdivision, the percentage that represents a reasonable estimate of the underlying business percentage applicable to a car held by a taxpayer during a period in a year of income shall be determined having regard to all relevant matters including, but without limiting the generality of the foregoing:
(a) any log book records, odometer records or other records maintained by or on behalf of the taxpayer; and
(b) any variations in the pattern of use of the car.
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