Motor Vehicle Tax Return Expenses

Motor Vehicle Tax Return Expenses - Mobile Tax and Accounting

Motor Vehicle Tax Return

If you’re tired of having to manage your motor vehicle tax return expenses, Mobile Tax & Accounting Solutions can take care of them for you.

As a business owner, you can claim a tax deduction for expenses for motor vehicles – cars and certain other vehicles – used in running your business.

Types of vehicles that can be used for business and possibly be claimed

  • Cars
  • 4WD’s
  • Motorcycles
  • Passenger Vehicles – buses, limos

Depending on the type of business you run will depend on what you can claim and how it is calculated

Some possible expenses may be

  • Purchase
  • Hire or lease agreements
  • Tolls
  • Fuel
  • Repairs & Maintenance
  • Insurance

Car Tax Returns are not an easy or straight forward claim to submit.

Using a log book is a great way to help you track your business and personal use of the vehicle – the ATO website has some important info regarding using this method here

This is why it’s best to engage a professional to work out the best method for claiming deductions for your vehicle.

We will ensure that all your car-related expenses are submitted on time and with the proper documentation as well as keeping track of how much you’ve spent so far to keep you within budget.