Our ATO Community is here to help make tax and super easier. Ask questions, share your knowledge and discuss your experiences with us and our Community.
3 May 2021
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
Most helpful response
4 May 2021
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!
Tell us about your ATO Community experience and help us improve it for everyone.
Australian Taxation Office
Working for all Australians