RSM Australia

Work-related car expenses - a timely reminder

If you use the log book method to claim a car expense deduction you are required to keep a record of for a minimum continuous period of 12 weeks. There’s less than 16 weeks remaining in this financial year so it’s best if you start recording your trips now.

From 1 July 2015 there are now only two methods available to calculate work-related car expense deductions: the logbook method and the cents per kilometer method.

If you require any assistance or would like any further information on Work-related car expenses, please contact your nearest RSM office.