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Thread: Commercial Vehicle fully Tax Deductible?

  1. #1
    Junior Member merryfield's Avatar
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    Default Commercial Vehicle fully Tax Deductible?

    Hi all... just wondering if the running expenses for running a Dual Cab Ute (running on LPG) is fully Tax deductible, or do you still have to run a log book system?

  2. #2
    Senior Member twin_cities_lawncare's Avatar
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    Default Re: Commercial Vehicle fully Tax Deductible?

    If it's a dedicated work ute with business signage etc, it should be 100%. Take an odometer reading at the beginning/end of financial year to give you your kms travelled (if that's how you're calculating vehicle costs for tax purposes).
    Ciao for now ~ Christine
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    "Twin Cities Lawncare" was re-named in 2008
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  3. #3
    Very Helpful Member
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    Default Re: Commercial Vehicle fully Tax Deductible?

    if you run a log book for 3 mths you should be fully covered as far as the tax man goes
    Anything Ian says may or may not be garbage, it may also be his own opinion or it may not be his opinion at all, it may just be something he felt like stating anyone following his advice does so at their own risk and may be doing something Ian would actually advise against.
    And if you don't like what Ian has to say use the ignore function if you don't know how ask i will gladly tell you

  4. #4
    george
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    Default Re: Commercial Vehicle fully Tax Deductible?

    Does the dual cab ute have a One Tonne payload?

  5. #5
    Senior Member lawn order's Avatar
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    Default Re: Commercial Vehicle fully Tax Deductible?

    If you claim the legal towing limit, prime mover and tailer, I figure if you use it commercial it should be in the same class as a tripple deck road train stock crate - good for about 60 tonnes - equal to a well loaded 6 X 4.
    If Taxman takes you to court I will represent you.
    My rates are commensurate with my ability.
    "The lowest in the business"

  6. #6
    lifestyle
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    Default Re: Commercial Vehicle fully Tax Deductible?

    lol... Good one!!

  7. #7
    Senior Member BLACK BEAR's Avatar
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    Default Re: Commercial Vehicle fully Tax Deductible?

    If you have a second vehicle in the family (ie wife) it will be easy to claim it 100% business use, just run a log book to make sure though as you know what the tax man can be like, its pays to be sure. Either way run a log book for 3 months and claim the % of business use, all costs, rego, insurance, depreciation etc, and maybe even talk to your accountant one day - he can explain it for you

  8. #8
    Senior Member geoff's Avatar
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    Default Re: Commercial Vehicle fully Tax Deductible?

    standard wife cars is a simple 30 % use , have been audited and taxman says cool ... 100% for the yte and standard 30 % for secouind vehicle ..no log book required but can only claim on 30 % on all running expenses.,...

  9. #9
    Senior Member Bgs's Avatar
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    Default Re: Commercial Vehicle fully Tax Deductible?

    I just use the one vehicle for private and business use I kept a log book for 9 months from the time I started and I chose the best three months which worked out to 82% business use So I can claim 82% on all cost repairs insurance racq, petrol ect.My Accountant tells me this is valid for 5 years.


    Quote Originally Posted by geoff
    have been audited
    Has anyone else been audited Does the tax man target our industry due to the large cash component, I have declared everything but it will be interesting to know if i can expect a audit.

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