How to calculate depreciation for vehicle under logbook method for which cents/km method was used in earlier years after purchase? How will i take into account taxable use % for earlier years?
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Taxable use % for earlier years is of no relevance if you used the cent/km method. It is the year you use the logbook method that is relevant.
Your logbook % will determine what your claim for car expenses will be. For depreciation of your car start depreciating from the date of purchase of the vehicle. Use the depreciation tool to calculate what amount of depreciation you can claim for each year.
Depreciation and capital allowances tool | Australian Taxation Office
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