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 28-12   Car expenses  

28-12(1)  


If you owned or leased a *car, you can deduct for the car ' s expenses an amount or amounts worked out using one of 2 methods.
Note 1:

For particular types of cars taken on hire you cannot use one of the 2 methods: see section 28-165 .

Note 2:

In certain circumstances the lessee of a luxury car is taken to be its owner (see subsection 242-15(2) ).

Note 3:

In certain circumstances (for example, under a hire purchase agreement) the notional buyer of property is taken to be its owner (see subsection 240-20(2) ).

28-12(2)  


You must use one of the 2 methods unless an exception applies. If you can ' t use either of the methods, you can ' t deduct anything for the *car expenses.

 

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