If I own 1 car and use this for work trips, can I still claim costs using the cents per km method for the owned car if I also novated lease another car in my name?
My situation is I'd like to novated lease a car in my name for my partner to drive and I'll use our other car that we own for work. I'd like to claim the costs for the car we own using the cents per km method.
Hi sean89dunn,
you can salary package in your name and use novated lease for your partner. Lease liability will remain with you. Associated FBT impact and deductions from your pay will need to be considered by your employer.
You can still claim C/km or log book costs for the other car if work use requirements are satisfied.
Costs and benefits of this arrangement will need to be carefully considered.
Hi sean89dunn,
you can salary package in your name and use novated lease for your partner. Lease liability will remain with you. Associated FBT impact and deductions from your pay will need to be considered by your employer.
You can still claim C/km or log book costs for the other car if work use requirements are satisfied.
Costs and benefits of this arrangement will need to be carefully considered.
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