Car Expenses

Buying a Motor Vehicle - Sole Traders

There are different Tax & GST treatments depending on the type of can you purchase

Cars

These are motor vehicles which are designed to carry both:
-a load less than one tonne
-fewer than 9 passengers

Examples: sedan, SUV

Other Vehicles

These are vehicles which ARE NOT designed principally to carry passengers
Examples: van, single cab ute

Depreciation limits DO NOT apply

Some vehicles i.e. dual cab utes can be either a Car or Other Vehicle so the specifications need to be reviewed

If unsure as to what type of vehicle you are buying speak to your accountant BEFORE buying it

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( Posted in: Cars / Motor Vehicles )

Do I upgrade my car?

Individual taxpayers only

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( Posted in: Cars / Motor Vehicles )

Log Book

Claiming car expenses using the Log Book method

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( Posted in: Cars / Motor Vehicles )

June 2023

Topics Include

  • The 2023-24 Federal Budget Highlights for Individuals, Small & Medium Business, and Superannation
  • 2023 Year End Tax Planning Guide
  • 2023-2024 Tax Return Checklist

 

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( Posted in: Newsletters )

Motor Vehicle Expenses

ATO Information

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( Posted in: Partnerships )

ATO Tax Time Information - Car Expenses (D1 & D2)

Choose from 2 methods

Method 1 = Logbook

Method 2 = Cents per kilometre

( Posted in: Individuals - Tax Time )

Buying a Car

IMPORTANT: If unsure as to whether your vehicle / dual cab ute is an exempt vehicle please contact us BEFORE purchasing it

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( Posted in: Cars )

ATO Tax Time Information - Self-education Expenses (D4)

General expenses eg course fees and books

Depreciating assets eg laptop

Car expenses

( Posted in: Individuals - Tax Time )

Car Expenses - which trips are claimable as work / business trips

Which trips are claimable as work / business trips?

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( Posted in: Cars / Motor Vehicles )