Car Expenses - What's under the bonnet?

If you use your own car for work purposes, you can claim a deduction using the cents per kilometre method or logbook method. If you use someone else's car for work purposes, you can only claim for direct costs you pay for - such as fuel.

You can claim a deduction for a car expense if:


You can calculate your car expenses in two ways. 

Cents per kilometre method:

Logbook method:

Your vehicle is not considered a car if it is a motorcycle or a vehicle with a carrying capacity of:

Keep receipts for your actual expenses. You cannot use the cents per kilometre method for these vehicles. While it is not a requirement to keep a logbook, it is the easiest way to show how you have calculated your work-related use of the vehicle. 

The Money Edge | Bundaberg 

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