Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You must increase the first element of the cost of a * car designed mainly for carrying passengers you acquire at a discount if:
(a) it is reasonable to conclude that any portion (the discount portion ) of the discount is referable to you or another entity selling another asset for less than its * market value; and
(b) you, or another entity, has deducted or can deduct an amount for the other asset for any income year; and
(c) the sum of the cost of the car and the discount portion exceeds the * car limit for the * financial year in which you first use the car for any purpose.
(2) The first element of the cost of the * car is increased by the discount portion.
(3) This section does not apply to a * car that is excluded from the * car limit by subsection 40 - 230(2).