ato car expenses 2023

Claiming ATO car expenses for 2022–23 boils down to two methods: cents‑per‑kilometre and logbook. The cents‑per‑kilometre rate for 2022–23 is 78c per km (max 5,000 business km), covering running costs—no fuel receipts, but you must show how you calculated the kilometres. The logbook method uses a 12‑week logbook to set your business‑use %, then applies it to actual costs (fuel, servicing, rego, insurance, interest and depreciation up to the car limit). The ATO car cost limit for depreciation in 2022–23 is $64,741 AUD, and GST credits are capped to that value too. Keep odometer readings at 1 July/30 June and receipts; a logbook lasts 5 years if your pattern doesn’t change. Commuting is private use—thinking about work at the lights doesn’t make it deductible. This is general info, not tax advice; talk to an accountant or check the ATO for your specifics.