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28 Jun 12 Car limit for the 2012-13 financial year - TD 2012/16

On 27 June 2012, the ATO issued Taxation Determination TD 2012/16 entitled "Income tax: what is the car limit for the 2012-13 financial year?"

It was not previously released in draft form.

The car limit for the 2012-13 financial year is $57,466.

The car limit is used to work out decline in value deductions of certain cars under the income tax law.

 


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