Activate "Business" via manage section
From the form Individual Tax Return (ITR), select "Business" Tab and press the sub type "Business Income & Expenses" via P8
Scroll down to Motor Vehicle Expenses and select "ADD"
Fill Car Expense details
CALCULATION METHOD: Logbook Method
For the "Type of Kilometers" there are 2 types:
a. Total
b. Business
A. Total
B. Business
"LOGBOOK" Expenses" and "Calculation"
CALCULATION METHOD: Cents per Kilometre
Note:
- ATO related link - Cents per Kilometre: https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/income-and-deductions-for-business/deductions/deductions-for-motor-vehicle-expenses/cents-per-kilometre-method
- Logbook method - will allow user to input actual costs, like fuels, repairs etc.
- Both methods can be filled in one worksheet, fields for logbook are not required IF Cents per kilometer method has been chosen. User can complete kilometers and continue.