If you need to use your own personal vehicle for work, you may be able to claim the car expenses or km’s as a tax deduction on your e-tax return. While this is an exciting prospect for those who may not be aware of it, it’s quite easy to get confused by the eligibility around whether you can or can’t claim driving to and from work, and it varies from person to person.
We look at some of the eligibility below:
Note: These are examples, if you are unsure whether you can claim a deduction, ask.
So what other motor vehicle travel can you claim?
- You can claim travel that you need to do for work in your own car
Travelling from work to a meeting or conference
Travelling from work to run errands e.g. banking
Travelling from work to collect supplies
Travelling from one workplace to another for the same employer
How do I claim my motor vehicle travel?
There are two ways you can claim the travel you have done in your Motor Vehicle:
The logbook method
The cents per kilometre method
The most important thing to remember when claiming KM’s is to keep a logbook to track the work KM’s traveled. We go into detail about these two methods and what information to record in another blog Claiming Car Expenses.
So, if you need to use your car for work, make sure you claim back the KM’s and/or expenses you have paid out throughout the year. The more you log the more you can claim.
Confidently complete your tax return online with GoTax, we will review and check it before we lodge for you!
Speedy Gonzalez $10, Not too much to claim $38.50, One with the lot $64.95 and if it’s your first time, do it for FREE!
Note that the information provided is general in nature and subject to change, please contact one of our professionals who can evaluate your circumstances and provide more accurate advice to your current situation.