INCOME TAX ASSESSMENT ACT 1997 - SECT 40.55 Use of the "cents per kilometre" car expense deduction method

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 40.55

Use of the "cents per kilometre" car expense deduction method

You cannot deduct any amount for the decline in value of a * car for an income year if you use the "cents per kilometre" method for the car for that year.

Note: See Subdivision 28 - C for that method.

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