Advice needed on company cars / allowances etc
I am looking at taking a contract job that pays per hour. Have been told that I would not get a car or car allowance but it would just be bundled up as an hourly rate. But because of this I have also been told that I would not be paid petrol allowance for work. Someone mentioned I can claim all the work mileage/petrol on tax at the end of the year-is this true ? Thank you.
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Re: Advice needed on company cars / allowances etc
Originally Posted by melaniee
I am looking at taking a contract job that pays per hour. Have been told that I would not get a car or car allowance but it would just be bundled up as an hourly rate. But because of this I have also been told that I would not be paid petrol allowance for work. Someone mentioned I can claim all the work mileage/petrol on tax at the end of the year-is this true ? Thank you.
Just as a side note, it is odd in my experience to be expected to do significant milage and not be paid some sort of direct car allowance. have a look here http://www.ato.gov.au/individuals/pa...20#001_002_013 Regards abby |
Re: Advice needed on company cars / allowances etc
Huge thanks. At least if they don't contribute to work trips in the car I can claim it on tax. Cheers :)
Originally Posted by NIGENABBY
Yes it is true you can claim all your unreimbursed expenses, that assist or increase your earning potential, when you do your tax - every one in Aus is expected to fill in a tax return. Just be aware that you need to keep very good milage records. Tax dept loves cars.
Just as a side note, it is odd in my experience to be expected to do significant milage and not be paid some sort of direct car allowance. have a look here http://www.ato.gov.au/individuals/pa...20#001_002_013 Regards abby |
Re: Advice needed on company cars / allowances etc
Originally Posted by melaniee
Huge thanks. At least if they don't contribute to work trips in the car I can claim it on tax. Cheers :)
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Re: Advice needed on company cars / allowances etc
What is I use the car for personal use also ?
Originally Posted by wintersgills
If your a contractor? you will be doing your work as a business if you keep a log book for 3month's and only use your car for work you can claim 100% tax deduction over 4 years
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Re: Advice needed on company cars / allowances etc
Originally Posted by melaniee
What is I use the car for personal use also ?
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