Motor vehicle tax deduction query!

Discussion in 'Accounting & Tax' started by Newbie 71, 22nd May, 2012.

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  1. Newbie 71

    Newbie 71 New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    Adelaide
    First time user to forum so hopefully I'll get a reply.

    I have been advised that with my current role that I've been performing for around three years now, that I could of / can claim tax deductions for motor vehicle purposes.

    If someone can please provide any advice or comments it would be 'hugely' appreciated.

    > I work in the financial industry (Big4)
    > I have a home base / office now at Salisbury
    > I live north of the city
    > I travel to other sites to train staff, test systems, meetings etc.
    > I use my vehicle to travel once a week to Bedford Park (70km return)
    > I use my vehicle to travel once a week to Lockleys (45km return)
    > I use my vehicle once a week to travel to the cbd (35km return)
    > I use my vehicle twice a week to travel to Salisbury (home site)

    1) Can I claim for the trips excluding to my home site at Salisbury
    2) Can I claim parking in the CBD (appx $10 p/week)
    3) Do I simply need to capture in a log-book my odometer readings
    4) What can I claim if anything

    Anyway, any ideas :confused:
     
  2. zudjian

    zudjian Member

    Joined:
    1st Jul, 2015
    Posts:
    15
    Location:
    Melbourne, VIC
    G'day Newbie 71,

    I think most of the answers for you are at:
    Car and travel expenses 2011

    To answer the questions... my interpretation is as follows:
    1) If you go directly to bedford park on a certain day and then return home, I belive the expense is not deductible. That said, if you swung through Salisbury and "then" went to Bedford park, the cost of the trip is deductible.
    2) Refer point 1. If the trip is deemed to be deductible, then the associated parking fee would be. If not, then no.
    3) Refer to Tax Tools for the options. There are 4 depending on your circumstances.

    Ps, I'm not an accountant. It might be worth checking with one.
     
  3. Newbie 71

    Newbie 71 New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    Adelaide

    Thanks for the reply. Seems as though not many people post on here but i'm not sure. I thought the same re travelling to my common workplace then driving to the other locations.

    Cheers again.