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R0cky(Initiate)Initiate
1 Feb 2023

Hi Everyone.

Need some guidance, please.


I have a small company with 3 employees including myself. The company has a Motor vehicle registered under it. So the company currently pays for the registration insurance and Fuel. Everything else is not put through the company.


My question is.


Can I claim under my personal tax the car expense such as maintenance (Servicing, Parts, Carwash, Parking) under the D1- Work related car expenses: ?



Any help or guidance would be greatly appreciated


Thanks


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Bruce4Tax(Taxicorn)Taxicorn
1 Feb 2023

No way - specifically prohibited by sec 51AF


http://classic.austlii.edu.au/au/legis/cth/consol_act/itaa1936240/s51af.html


Personally paid expenses just reduce the FBT value of the car.


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Motor vehicle under company name but claiming expenses | ATO Community