Will i have to pay tax on car sale

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 · Accepted Answer

AriATO · Answer

Sorry yes you need to do a balancing adjustment (https://www.ato.gov.au/Forms/Guide-to-depreciating-assets-2022/?=redirected_CGTceaseholdorusedepreciatingasset&page=10) if you used the logbook method and claimed depreciation. If you used cents per/km then you don't need to worry.

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