Archive for category: Cars / Motor Vehicles

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Buying a Motor Vehicle - Sole Traders

There are different Tax & GST treatments depending on the type of can you purchase

Cars

These are motor vehicles which are designed to carry both:
-a load less than one tonne
-fewer than 9 passengers

Examples: sedan, SUV

Other Vehicles

These are vehicles which ARE NOT designed principally to carry passengers
Examples: van, single cab ute

Depreciation limits DO NOT apply

Some vehicles i.e. dual cab utes can be either a Car or Other Vehicle so the specifications need to be reviewed

If unsure as to what type of vehicle you are buying speak to your accountant BEFORE buying it

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( Posted in: Cars / Motor Vehicles )

Do I upgrade my car?

Individual taxpayers only

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( Posted in: Cars / Motor Vehicles )

Log Book

Claiming car expenses using the Log Book method

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( Posted in: Cars / Motor Vehicles )

Car Expenses - which trips are claimable as work / business trips

Which trips are claimable as work / business trips?

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( Posted in: Cars / Motor Vehicles )