• BBDB

Car Expenses

If you use your own car in performing your work-related duties (including a car you lease or hire), you may be able to claim a deduction for car expenses.

For those of you using the cents/km method the rates have increased.

The new single rate of use from 1 July 2020 is $0.72/km (up from 68 cents)

Need to know more? Follow the ATO link below and if you still need help get in touch!

https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/vehicle-and-travel-expenses/car-expenses/




1 view0 comments