I have started a handymen buisness I am purchasing a vechile can I claim 100% of the gst back if I register for gst and Can i claim 100% of the value over a period of time for depreciation . The car will be used for both personal and buisness ?

Hi Alan

If you use a motor vehicle partly in carrying on your business and partly for personal use, you are generally entitled to claim a partial GST credit based on how much you use the motor vehicle in carrying on your business. You must keep a logbook for a 12 week period to determine your business usage.

The same applies to claiming depreciation i.e. only the business percentage of the total cost can be claimed as depreciation over a period of time or depending on the value of the car, it can be claimed as an immediate deduction using the tax office's small business concessions.

Hope this information helps.