Ah, the infamous "cents per km" rate — the Australian Taxation Office's way of making you count every single kilometre like a miser at the pub tab. As of recent guidelines, the standard rate is about 72 cents per kilometre for work-related car use, capped at 5,000 km per year. This nifty little number covers fuel, maintenance, depreciation, and all the other lovely costs of running your chariot.
If you’re self-employed or a business owner, this rate helps you claim deductions without the hassle of keeping every receipt. But remember, if you’re pushing your wheels beyond 5,000 km for work, you’ll need detailed logbooks to claim more. For the exact and up-to-date figures, the ATO website is your best mate.
12StorageListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
