Section DE 1 — Income Tax Act 2007: What this subpart does

DE 1 What this subpart does Apportions motor vehicle expenditure (1) This subpart sets out the rules for determining the proportion of business use of a motor vehicle to its total use when a person uses a motor vehicle partly for business purposes and partly for other purposes. Exclusions (2) This subpart does not apply— (a) to a company: (b) to a person whose only income is income from employment: (c) to a motor vehicle that is used only— (i) for the purpose of deriving income; or (ii) for a purpose that constitutes a fringe benefit. Defined in this Act: business use , company , fringe benefit , income , income from employment , motor vehicle , Compare: 2004 No 35 s DE 1