Automobile

by Tax Guy on February 11, 2010 Print This Post Print This Post

For tax purposes, a motor vehicle designed to carry people on highways or streets and with a seating capacity of not more than the driver and 8 passengers.
The definition does not include:

  • an ambulance
  • a taxi or bus used in a business to transport passengers
  • a hearse
  • any motor vehicles acquired to be sold, rented, or leased in the course of carrying on a business of selling, renting, or leasing motor vehicles.


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