Motor vehicle expenses - cents per km
The motor vehicle cents per kilometre rates for 2008-09 have been issued by the Tax Office and are listed below. Please note these rates remain unchanged from 2007-08.
|
Engine Capacity |
Rate Per KM |
|
Up to 1600 cc |
58 cpkm |
|
1601cc to 2600cc |
69 cpkm |
|
2601cc and above |
70 cpkm |
Where your business use of a motor vehicle is greater than 70 per cent, it is recommended that a logbook be maintained as this is likely to increase the tax deductions available. A logbook is not required for commercial vehicles that are designed to carry more than one tonne.
