mv expenses ato

Looking to charm the ATO with your motor vehicle expenses? Here's the skinny: if you use your vehicle for work, you can claim expenses like fuel, maintenance, insurance, and depreciation. Just make sure you keep a logbook or use a reasonable method to separate work from play.

The ATO lets you choose between the cents per kilometre method or the logbook method—each has its quirks. Remember, expenses must be substantiated with receipts, and private use must be excluded. For exact rates and detailed rules, have a gander at the ATO's official docs or chat with ServiceCentral for some handy tips.