INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III
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LIABILITY TO TAXATION
Division 3
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Deductions
Subdivision F
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Substantiation of certain expenses of years of income up to and including 1993-94
SECTION 82KTH
82KTH
BUSINESS PERCENTAGE ESTABLISHED DURING APPLICABLE LOG BOOK PERIOD
A reference in this Subdivision to the business percentage established during an applicable log book period in relation to a car held by a taxpayer during a period (in this section called the holding period ) in a year of income is a reference to the underlying business percentage that would apply to the car in relation to the taxpayer for the holding period if it were assumed that the actual pattern of use of the car throughout the holding period were the same as the pattern of use of the car purporting to be shown by the log book records and odometer records maintained by or on behalf of the taxpayer for the applicable log book period.
View history note
Hide history noteA reference in this Subdivision to the business percentage established during an applicable log book period in relation to a car held by a taxpayer during a period (in this section called the holding period ) in a year of income is a reference to the underlying business percentage that would apply to the car in relation to the taxpayer for the holding period if it were assumed that the actual pattern of use of the car throughout the holding period were the same as the pattern of use of the car purporting to be shown by the log book records and odometer records maintained by or on behalf of the taxpayer for the applicable log book period.
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