20‑160 Disposal of an interest in a car20‑160 Disposal of an interest in a car

#### 20‑160 Disposal of an interest in a car (1) This Subdivision applies to the disposal of an interest in a \*car in almost the same way as it does to the disposal of the car itself. The differences are set out below. (2) Your assessable income includes so much of your \*profit on the disposal as is reasonable. The limits in subsections 20‑110(2) and 20‑125(2) do not apply. (3) The cost of the interest to you is taken to be a reasonable amount. (4) Sections 20‑135 and 20‑140 do not apply to the disposal. > Note 1: Section 20‑135 says that you do not include an amount if there has been an earlier disposal of the car for market value. > Note 2: Section 20‑140 allows you to reduce the amount to be included if there has been an earlier disposal of the car. (5) Section 20‑145 applies to the disposal if you inherited either the interest or the \*car itself. > Note: Section 20‑145 says that you do not include an amount if you inherited the car.