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AN EMPLOYEE MAY BE ABLE TO CLAIM TRANSPORT OF BULKY TOOLS AND EQUIPMENT

As per the Australian Taxation Office website:
  
“You can claim the cost of using your car or vehicle to travel between home and work if: 
  • you have to carry bulky tools and equipment you need to use for work
  • it is essential to transport them to and from work and it is not done as a matter of convenience or personal choice
  • there is no secure area for storing them at your workplace”
 
The link below outlines the substantiation requirements and the new rules from 1 July 2015 for claiming car expenses with the only two methods allowed; cents per kilometre and log book method. The one third actual cost and 12% of original value method are no longer available.

 
Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.  

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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