TR 1998/9A3 - Addendum
Income tax: deductibility of self-education expenses incurred by an employee or a person in business
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(a) Omit 'and '12% of original value' methods'; substitute 'method'.
(b) Omit '28-60'; substitute '28-35'.
(c) In the third sentence omit 'using these methods'; substitute 'using this method'.
In the third sentence omit 'a rate per kilometre multiplied by the number of kilometres travelled'; substitute 'the rate per kilometre multiplied by the number of business kilometres travelled'.
|Car expenses 213 km @ 47 cents||$100|
|Car expenses 213 km @ 66 cents||$140|
(c) In the final sentence omit 'In the year of income, he wishes to claim the following'; substitute 'Using the rate per kilometre set for the year of income commencing 1 July 2016, he wishes to claim the following'.
|Car expenses (cents per kilometre method)||$100|
|Car expenses (cents per kilometre method)||$140|
|Net amount of self-education expenses||$1,050|
|Net amount of self-education expenses||$1,090|
(a) Omit '$800'; substitute '$840'.
(b) Omit '$1050'; substitute '$1090'.
At the second instance omit '$100'; substitute '$140'.
Legislative Determination: Income Tax Assessment Act - cents per kilometre deduction rate for motor vehicle expenses
Commissioner of Taxation
13 July 2016
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