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Posted on Jan 02, 2017
All depends on what you are trying to calculate.
- fuel consumption? Basic mathematics.
- Self owned and lifetime depreciation? Lots of variables but basic mathematics
- Stolen? Depends on how far you get.
Posted on Jul 02, 2016
Rates apply to each income tax year (1 April to 31 March). If you have a non-standard balance date the rate applies from the beginning of your relative income year.
You can use this rate for up to a maximum of 5,000 km of work-related travel per year. For distances greater than 5,000 km, you must keep a record of actual vehicle expenses.
The rate applies irrespective of engine size or whether your vehicle is powered by a petrol or diesel engine. The mileage rate does not apply to motor cycles.
Posted on Sep 29, 2016
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