Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 40.325

Adjustment: car limit

                   The termination value of a * car the * cost of which was worked out by applying section 40- 230 (Car limit) is the amount worked out under subsection 40-300(1) multiplied by the fraction:

where:

"CL" is the * car limit for the * car for the * financial year in which you first used it for any purpose.



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