INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Substantiation rules
TABLE OF DIVISIONS
| 1 | Introduction |
| 2 | Substantiating work expenses |
| 3 | Substantiating car expenses |
| 4 | Substantiating business travel expenses |
| 5 | Written evidence |
| 6 | Travel records |
| 7 | Retaining and producing records |
| 8 | Relief from effects of failing to substantiate |
| 9 | Award transport payments |
You may use this set of rules only for a depreciation expense.
5-5(2) [Document from supplier]You must get evidence of the original acquisition of the depreciating property. It must be a document that you get from the supplier of the property and that specifies:
(a) the name or business name of the supplier; and
(b) the cost of the property to you; and
(c) the nature of the property; and
(d) the day you acquired the property; and
(e) the day it is made out. 5-5(3) [Missing details may be added]
However, if the document the supplier gave you does not specify the nature of the property, you may write in the missing details yourself before you lodge your income tax return for the income year in which you first claim a deduction for depreciation of the property.
5-5(4) [Document not obtained in time]If you don't get the document in time, for example because you only decided to use the property for income-producing purposes several years after you acquired it, there are rules that might help you in Division 8 .
5-5(5) [Documents not in English]The document must be in English. However, if you imported the property into Australia, the document can instead be in a language of the country from which the property was originally exported.
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