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 5 - The ``one-third of actual expenses'' method  

SECTION 5-3   ELIGIBILITY  

5-3(1)   [Minimum distance travelled]  

You can use this method only if the number of business kilometres travelled by the car in the income year was more than 5,000, or would have been if you had used the car throughout the income year.

5-3(2)   [Estimated business kilometres]  

Business kilometres are kilometres the car travelled in the course of producing your assessable income. You calculate the number of business kilometres by making a reasonable estimate.