It’s in everyone’s best interests to try to minimise their tax, and claiming tax on your vehicle is one of the ways we can do this – provided you meet the requirements. Most people want to try and claim their car expenses for work, but they’re unsure of how to do it. Fear not, because today we’re going to unlock some of the secrets to claiming car expenses on tax, rule out what you can’t claim tax on and generally guide you through maximising your tax claim on your vehicle.
Who can claim tax on their vehicle?
Many Australians can claim tax on their vehicle. If you use your own car for work purposes, then you can claim tax on your vehicle. This includes if you’re paying off a car or leasing a car. It also includes if you’re a business owner and have bought a vehicle for your business.