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An Australian Pty Ltd company has two cars on lease. The Lease costs are $5,200 each for two cars ($10,400 P/A) . Car A is
An Australian Pty Ltd company has two cars on lease. The Lease costs are $5,200 each for two cars ($10,400 P/A) . Car A is used 100% for business; car B is used 50% for business. What are the tax deductions and other Tax considerations under Australian tax law? Caser law and other ITAA 97 & ITAA 36 references would be helpful.
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