INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 28 - Car expenses  

Subdivision 28-A - Deductions for car expenses  

SECTION 28-13   Meaning of car expense  

28-13(1)  
A car expense is a loss or outgoing to do with a * car.

28-13(2)  
In addition, any of the following is a car expense:


(a) a loss or outgoing to do with operating a * car;


(b) the decline in value of a car.

28-13(3)  
None of the following is a car expense:


(a) a loss or outgoing incurred, or a payment made, in respect of travel outside Australia;


(b) a taxi fare or similar loss or outgoing.


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