| Income Tax - Car Expenses |
| Taxpayers have the choice of four methods for claiming car expenses (fuel, repairs, tyres, registration and insurance, lease charges, interest on a car loan, depreciation, etc.). |
The conditions for each of these methods are summarized below. It should be noted that the 12% of cost and one-third of actual expenses? methods could only be used if more than 5,000 business kilometres are traveled during the income year.
For information about Cents per Kilometre Method click on the article of this title to the left.
For information about 12% of Cost click on the article of this title to the left.
For information about One-third of Actual Expenses click on the article of this title to the left.
For information about Log Book Method click on the article of this title to the left.
21st-March-2004 |
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