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T1
472 Vehicle expenses
Disposal of class 10.1 vehicle
| Program(s) affected: |
T1 |
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Document created: |
02 15, 2008 |
| Tax year(s): |
2007 |
Document last modified: |
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| Version(s): |
11.10 |
Problem status: |
Fixed in v11.11 |
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My client has a class 10.1 vehicle he/she disposed of in 2007,
the program does not apply the half-year rule on sale, why is that?
The program erroneously takes into account the proceeds in the
calculation of the CCA whereas it should take 50% of the normal CCA had the
taxpayer still owned the vehicle at the end of the year. As a workaround,
enter the correct amount using the keyword CCA-OV in the Vehicle-Exp
keyword group.
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