Document ID: chunk:federal_register_of_legislation:C2025C00120:section:10:p2
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 10 (pt 2/5)
Character Range: 52846–55336

amount of depreciation that is deemed to have been incurred by the provider in respect of the car in respect of the holding period; and
 (B) the amount of interest that is deemed to have been incurred by the provider in respect of the car in respect of the holding period; and
 (iv) in a case where the car is owned by the provider and a non‑business accessory was fitted to the car during the period when the car was owned by the provider and remained fitted to the car at a time during the holding period:
 (A) the amount of depreciation that would be deemed to have been incurred by the provider in respect of the accessory in respect of the holding period if the accessory were a car; and
 (B) the amount of interest that would be deemed to have been incurred by the provider in respect of the accessory in respect of the holding period if the accessory were a car; and
 (v) in a case where the car is leased to the provider:
 (A) where sub‑subparagraph (B) does not apply—so much of the charges paid or payable under the lease agreement as are attributable to the holding period; or
 (B) where the lessor was entitled to privileges or exemptions in relation to customs duty in respect of a transaction by which the lessor purchased the car—the amount that could reasonably be expected to have been applicable under sub‑subparagraph (A) if the lessor had not been entitled to those privileges or exemptions; and
 (vi) in a case where the car is neither owned by, nor leased to, the provider—the amount of depreciation and interest that would be deemed to have been incurred by the provider in respect of the car in respect of the holding period if the car had been purchased by the provider at the time when the provider commenced to hold the car for a consideration equal to the leased car value of the car at that time; and
 (c) the amount of the recipient's payment is the sum of:
 (i) in a case where expenses were incurred to the provider or employer during the holding period by recipients of the car fringe benefits by way of consideration for the provision of the car fringe benefits—the amount of those expenses paid by the recipients less any amount paid or payable to the recipients by way of reimbursement of those expenses; and
 (ia) in a case where car expenses in respect of fuel or oil for the car were incurred during the holding period by recipients of the car fringe benefits and:
 (A) the persons incurring those expenses give to the employer, before the declaration