INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

SCHEDULE 2A  

Calculating car expense deductions

TABLE OF DIVISIONS

1	Overview of the main points in this Schedule
2	Choosing which method to use
3	The ``cents per kilometre'' method
4	The ``12% of original value'' method
5	The ``one-third of actual expenses'' method
6	The ``log book'' method
7	Keeping a log book
8	Odometer records for a period
9	Retaining the log book and odometer records
10	Situations where you don't need to use one of the 4 methods
11	Definitions of ``car'', ``car expense'', ``holding a car'' and ``owning a car''

Division 11 - Definitions of ``car'', ``car expense'', ``holding a car'' and ``owning a car''  

SECTION 11-2   DEFINITION OF ``CAR EXPENSE''  

11-2(1)   [Car expense]  

A car expense is an expense to do with a car.

11-2(2)   [Specific inclusions]  

In addition, any of the following is a car expense:

(a) an expense to do with operating a car;

(b) depreciation of a car.

11-2(3)   [Specific exclusions]  

None of the following is a car expense:

(a) an expense incurred, or a payment made, in respect of travel outside Australia;

(b) a taxi fare or similar expense.