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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-B - Choosing which method to use  

Operative provision

SECTION 28-20  Rules governing choice of method  

 ITAA 36

28-20(1)  

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You can choose only one method for all the *car expenses for the *car for the income year. Choosing one method precludes the other method.

28-20(2)  

However, you can change your choice for the income year.

Example:

You choose the " log book " method and deduct $1,000. On audit, the Commissioner finds that your claim is too high and should be reduced to $500. You would have been able to deduct $700 if you had chosen the " cents per kilometre " method. This rule lets you change your choice and deduct the $700.

28-20(3)  

You can also choose different methods for the same *car for different income years and different methods for different cars for the same year.

 



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