Hi,
Car Subscription is becoming increasingly popular. Are all car subscription companies tax deductible? If not, then why not? From what I can see it’s only Carly that has a ruling. I got a car subscription for my small business from ECar Subscription because it said on their website the subscription fee may be tax deductible. Is that correct?
Hi @wesley369,
Yes, if you're leasing it for business purposes then it's possible to claim a deduction for it.
If it's used personally as well, you'll need to apportion the business use and only claim that percent.
Hi @wesley369,
Yes, if you're leasing it for business purposes then it's possible to claim a deduction for it.
If it's used personally as well, you'll need to apportion the business use and only claim that percent.
22 Apr 2024 · 6 min read time
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