How much tax deduction can she claim for car expenses?

Bronte owns a Mazda CX5 motor vehicle. The car was purchased on 1 July 2020 for $38,000. During the financial year Bronte travelled 25,000 kms. Bronte has noted that 70% of her travel is work related, however she has not kept a log book of the kilometres travelled for work purposes. Bronte has paid for all of the running costs during the year and these are as follows;

 

Fuel $1,690 and Servicing $1,200 also the  Registration $960 and the Insurance $1,500Parking fees $330.

Answer rating: 100% (QA)

Deductible Expenses Registration 960This is a fully deductible expense as its related to car ownersh... View the full answer