Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Millions of Aussies claim work-related car expenses. Here are the most common mistakes

Deborah Knight
Article image for Millions of Aussies claim work-related car expenses. Here are the most common mistakes

The end of the financial year is fast approaching and if you’re behind on your car expenses, you’ll need to get them up-to-date pretty quickly.

Every year around 3.5 million Australians claim work-related car expenses.

So what is and what isn’t a legitimate claim?

Assistant Commissioner at the Australian Tax Office Kath Anderson tells Ross Greenwood what the common mistakes are.

“One of the most common mistakes we see is people claiming private travel like their home to work trip.

“The reality is for most people, home to work travel isn’t deductible.

“Another mistake some people make is thinking they’re entitled to five thousand kilometers as a standard deduction under the cents per kilometre method.

“It’s not a free ride. You have to have actually done the travel and, of course, you need a record to support your claim.”

Click PLAY below for the full story 

Deborah Knight
Advertisement