INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision F - Substantiation of certain expenses of years of income up to and including 1993-94  

SECTION 82KTA   HOLDING OF CAR OR MOTOR VEHICLE  

82KTA(1)   [Car or motor vehicle ``held by taxpayer'']  

A reference in this Subdivision:

(a) to a car held by a taxpayer; or

(b) to a motor vehicle held by a taxpayer;

is a reference to a car or to a motor vehicle, as the case may be, owned or leased by the taxpayer for use in the course of producing assessable income of the taxpayer (whether or not the car or motor vehicle was used for any other purpose while it was so owned or leased).

82KTA(2)   [Period car or motor vehicle held]  

A reference in this Subdivision:

(a) to a period during which a car was held by a taxpayer; or

(b) to a period during which a motor vehicle was held by a taxpayer;

is a reference to a period during which the car or the motor vehicle, as the case may be, was continuously held by the taxpayer.