Archive for category: Cars / Motor Vehicles
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Cars - Companies & Trusts
There are different Tax & GST treatments depending on the type of car you purchase and the entity type that purchases it
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
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
... read moreCars - Sole Traders
There are different Tax & GST treatments depending on the type of car you purchase and the entity that purchases it
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
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
... read moreCar Expenses - which trips are claimable as work / business trips
Which trips are claimable as work / business trips?
... read more