Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For particular types of * cars used in particular ways you don't need to use one of the 2 methods to calculate your deductions for * car expenses.
(2) You may use one of the 2 methods, or you may instead calculate the deductions under the normal principles governing deductions, including the rules for apportioning a loss or outgoing that is only partly attributable to producing assessable income.
(3) This section applies if, whenever you used the * car in the income year:
(a) the car was covered by the description in column 2 of an item in the table below; and
(b) you used the car as described in column 3 of that item.
Item | Column 2 | Column 3 |
1. | The * car was: (a) a panel van or utility truck; or (b) any other road vehicle designed to carry a load of less than 1 tonne (other than a vehicle designed principally to carry passengers); or | You used the car only in one or more of the following ways: (a) in the course of producing your assessable income; (b) to go between your residence and a place where you use the car in the course of producing your assessable income; (c) by providing the car to someone else to drive between his or her residence and a place where the car is used in the course of producing your assessable income; |
| (c) a taxi. | (d) for the purpose of travel that is incidental to using the car in the course of producing your assessable income; (e) for your own or someone else's private use that was minor, infrequent and irregular. |
2. | The * car was part of the * trading stock of a * business of selling cars that you carried on. | You used the car in the course of the business. |
3. | The * car was any type of car. | You let the car on lease or hire in the course of a * business of letting cars on lease or hire that you carry on. |
4. | The * car was any type of car. | As an employer, you provided the car for the exclusive use of one or more of the following: (a) your employees; (b) their * relatives; in circumstances where one or more of them was entitled to use the car for private purposes. Note: This Subdivision also applies to entities that are not employers, but pay (or are liable to pay) withholding payments covered by subsection 28 - 185(3). |