Second-hand savings.

Australian Doctor,  August, 2006  

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DOLLAR NOTES BY Terry McMaster.

CARS cost a lot of money to buy and run -- especially with the rapidly rising price of petrol.

They also raise lots of questions for doctors. What to buy? How much to spend? Who should own it? How much can be claimed for tax? What about the second -- or even the third or fourth -- car? And for those enjoying a mid-life crisis or who just want to cut their petrol costs and beat a traffic jam, what about a motorbike?

Tax laws treat GPs' car costs quite generously. But first, some background. Back in the 1980s, the then treasurer Mr Paul Keating ...

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