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ArkTax(Initiate)Initiate
27 Aug 2024

Context:

I currently do some driving for work. It's infrequent but because of the high number of km it usually winds up at around 60-80% of my annual km. I have a logbook that I kept for 3 months.


I have purchased a new vehicle which will follow the above usage. It is, however, a kei truck. It is weighs 800kg and has a carrying capacity of 350kg rated in the tray. It therefore does not fall into any of the categories I looked at.


It is also a used vehicle with a model year of 2019 which I bought for 20,000$ in 2023/24 FY.

The model is a 2019 manual Suzuki Super Carry kei class truck.


Do I treat this as a LCV?

Do I write off some of it's cost or depreciate it?

How do I consolidate LCV tax items with general work/personal car usage costs?


thank you for any insights.



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WendyATO(Community Support)Community Support
29 Aug 2024

Hi @ArkTax,


If it meets our definition of a car, the car limit applies, even if it's intended use isn't a "car." In your case a light commercial vehicle (LCV).


If eligible you can use the instant asset write-off or if not use the depreciation method.


We've answered a similar post about LCV and separating private from business use.

ArkTax(Initiate)Initiate
29 Oct 2024

I think most of these rules apply for sole traders or business. I am just a normal employee but must drive around 2-8k km per year (eligible km). I can't see anything that seem so indicate this is the go for regular employees.


I can see that one of the links states that 'employees using their own vehicle' are to claim in their own tax return but I'm still looking for the rules on this.

AnitaATO(Community Support)Community Support
29 Oct 2024

Hey @ArkTax,


Yep, that's right.


If you use your own car for work related trips, then you can claim a deduction in your own tax return.


If you keep a logbook, you can claim your actual work-related car expense. This includes running costs like:


  • Fuel
  • oil and servicing
  • registration
  • insurance
  • decline in value

As the vehicle is also used for private purposes then you'll need to apportion the expenses. E.g., 30% work use and 70% private you can only claim 30% of the expenses.


The other option to use is the cents per km method, which is 88c per km, but you will need to keep records of your kms. This also covers everything listed above. You can claim a maximum of 5,000km for work related kms.


Check out car expenses for more info.

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I have a (very) light truck which I have bought (used). What are the deduction rules? | ATO Community