claim car on tax

Claiming your car on tax in Australia is a bit like trying to convince the taxman your sedan is a business expense rather than your weekend getaway buddy. Generally, you can claim vehicle expenses if you use your car for work-related activities (not including commuting). You have options like the cents per kilometre method (up to 5,000 km) or the logbook method for more precise deductions. The Australian Taxation Office (ATO) mandates keeping detailed records, so no fudging those numbers! Common pitfalls include mixing personal and business use and forgetting to keep receipts.

• Keep a logbook for at least 12 weeks.
• Don’t claim for your daily commute.
• Retain all fuel and maintenance receipts.

For more detailed guidance, check the ATO website or ServiceCentral for handy tips.