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CHRIS M.
CHRIS M.
Emu Heights, NSW
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Hi I will be receiving a vehicle allowance for all running costs and fuel for work. I would like to know best option to maximise claim against?
I intend to purchase new vehicle

7 years ago

Responses

Hi Chris,

Firstly you will need to be very diligent and keep a proper logbook for a period of at least 12 weeks. This will work out the % of the car expenses that you will be entitled to claim.

If you purchase a new car, you will also be able to claim depreciation as well as the interest on the loan (if you are planning to get it through finance).

If you would like a tax checklist to help you with regards to the car claims, please contact us below.

Kind regards,
Jenny Thai
JTR & Associates
02 9144 3180
admin@jtrandassoc.com.au

Hi Chris,

We can do a novated lease for you whereby the car payment is taken from your income before tax which end up saving you a fair amount of tax.

Please give me a call to discuss on 0414 545 643

thank you

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