Car using my ABN

Question

Car using my ABN

 · Accepted Answer

AnitaATO · Answer

Hey , You're asking if you can buy a car and claim it as part of your business expenses is that correct? There shouldn't be an issue with that but if you use the vehicle for business and private purposes then you can only claim (https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/income-and-deductions-for-business/deductions/deductions-for-motor-vehicle-expenses?=redirected_motorvehicleexpenses) the business portion of the car. You'll need to be able to identify and justify the business part of the expenses that you're claiming. You can't claim any part of the private use as a deduction. So, you'll need to work out the percentage its used for business and claim this percentage only.

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