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Supercar hire

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If I bought a supercar with the intention of driving it for personal use as well as hiring it out for events such as balls, graduations, birthdays etc. Would i be able to make any tax deductions on the vehicle 

 

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Most helpful response

Community Manager

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Hi @Jack02,

 

You would need to work out the % of personal vs business use and you would be able to claim deductions for some of your expenses for the business portion.

 

Have a look at our page on motor vehicle expenses which should go over all you need to know!

1 REPLY 1

Most helpful response

Community Manager

Replies 0

Hi @Jack02,

 

You would need to work out the % of personal vs business use and you would be able to claim deductions for some of your expenses for the business portion.

 

Have a look at our page on motor vehicle expenses which should go over all you need to know!