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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  

 ITAA 36

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.
 View history reference

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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