Novated Lease and claiming km's travelled

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(Newbie)Newbie

10 July 2024

The content of section 51AF of the ITAA means that you are not able to claim a tax deduction for expenses, whether by cents per km or otherwise, relating to a car provided to you under a novated lease.

However my EV Lease payments do not include my costs for KM's travelled as the lease company won't allow, as I don't have a separate home charger to substantiate costs incurred.

Due to not being included in my lease payment am I able to claim km's travelled in my personal tax return ?

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Bruce4Tax

(Taxicorn)Taxicorn

11 July 2024

Due to not being included in my lease payment am I able to claim km's travelled in my personal tax return ?

No - sec 51AF prevents any such claim.

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Bruce4Tax

(Taxicorn)Taxicorn

11 July 2024

Due to not being included in my lease payment am I able to claim km's travelled in my personal tax return ?

No - sec 51AF prevents any such claim.

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Tigers3429

(Newbie)Newbie

15 July 2024

Seems unfair as the electricity charging costs aren't items packaged within the vehicle lease. Therefore missing on a legitimate deduction as cannot claim via novated lease, whilst ICE motor vehicles can do, or via personal tax return. Am I missing something or is the tax law not up to date with EV charging costs and novated leasing?

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Novated Lease and claiming km's travelled

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