So, you want to claim car expenses and get the taxman to chip in? In Australia, you can claim car expenses if you use your vehicle for work-related purposes—excluding commuting from home to work, because apparently, the tax office doesn’t consider that 'work'. You can choose either the cents per kilometre method (up to 5,000 km at a set rate) or the logbook method (keep one for 12 weeks and claim the business-use percentage of all expenses).
Common claimable expenses include fuel, servicing, insurance, registration, and depreciation. Keep your receipts and logbooks handy, or the tax office might decide your 'car expenses' are just a figment of your imagination.
For more detailed guidance, check the Australian Taxation Office (ATO) website or consult a tax professional.
LightingListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
