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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-D - The "12% of original value" method

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History Subdiv 28-D repealed by No 162 of 2015, s 3 and Sch 1 item 3, applicable in relation to the 2015-16 income year and later income years.

SECTION 28-50   28-50  Eligibility

(Repealed by No 162 of 2015)

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History S 28-50 repealed by No 162 of 2015, s 3 and Sch 1 item 3, applicable in relation to the 2015-16 income year and later income years. S 28-50 formerly read: SECTION 28-50 Eligibility   28-50(1) You can use this method only if the number of *business kilometres travelled by the *car in the income year was more than 5,000, or would have been if you had used the car throughout the income year. 28-50(2) Business kilometres are kilometres the *car travelled in the course of: (a) producing your assessable income; or (b) your *travel between workplaces. You calculate the number of business kilometres by making a reasonable estimate. View history note Hide history note View history notes History S 28-50(2) substituted by No 95 of 2004.