Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 28 - Car expenses  

Subdivision 28-B - Choosing which method to use  

SECTION 28-15   Choosing between the 2 methods  

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28-15(1)    
Below is a diagram giving information about the 2 methods of calculating car expense deductions.

28-15(2)    
The 2 methods give you the choice of which method best suits your situation and needs. For instance, one method may involve more paperwork than the other, but could give you bigger deductions.

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History

S 28-15 substituted by No 162 of 2015, s 3 and Sch 1 item 26, applicable in relation to the 2015-16 income year and later income years. S 28-15 formerly read:

SECTION 28-15 Choosing among the 4 methods  
28-15
Below is a graphic that gives information about the 4 methods of calculating car expense deductions.

The 4 methods give you the choice of which method best suits your situation and needs.

For instance, some methods will involve more paperwork than others, but could give you bigger deductions. There are also eligibility requirements for some methods, so you need to check that you are eligible to use a particular method.

S 28-15 amended by No 16 of 1998.

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