Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 20 - Amounts included to reverse the effect of past deductions  

Subdivision 20-B - Disposal of a car for which lease payments have been deducted  

Successive leases

SECTION 20-130  

20-130   Successive leases  

If, because of 2 or more leases of the ^* car, there are different amounts that could be included in your assessable income because of the disposal, only the largest of those amounts is included.