Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 28
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Car expenses
Subdivision 28-A
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Deductions for car expenses
SECTION 28-12
Car expenses
28-12(1)
If you owned or leased a *car, you can deduct for the car ' s expenses an amount or amounts worked out using one of 2 methods.
28-12(2)
You must use one of the 2 methods unless an exception applies. If you can ' t use either of the methods, you can ' t deduct anything for the *car expenses.
If you owned or leased a *car, you can deduct for the car ' s expenses an amount or amounts worked out using one of 2 methods.
Note 1:
For particular types of cars taken on hire you cannot use one of the 2 methods: see section 28-165 .
Note 2:
In certain circumstances the lessee of a luxury car is taken to be its owner (see subsection 242-15(2) ).
Note 3:
In certain circumstances (for example, under a hire purchase agreement) the notional buyer of property is taken to be its owner (see subsection 240-20(2) ).
View history note
Hide history note28-12(2)
You must use one of the 2 methods unless an exception applies. If you can ' t use either of the methods, you can ' t deduct anything for the *car expenses.
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