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Income Tax Assessment Act 1997
28‑13 Meaning of car expense28‑13 Meaning of car expense
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28‑13 Meaning of car expense
(1) A car expense is a loss or outgoing to do with a *car. (2) In addition, any of the following is a car expense: (a) a loss or outgoing to do with operating a *car; (b) the decline in value of a car. (3) None of the following is a car expense: (a) a loss or outgoing incurred, or a payment made, in respect of travel outside Australia; (b) a taxi fare or similar loss or outgoing.