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Vic Wasteland Thread

R31Nismoid

By R31Nismoid,
in Victoria

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blah_blah Grand Master

blah_blah

Posted
Posted

Didn't you say you can claim something like 75% up to $3750 without receipts?

I've done like 1100kms for work since I started the log on the 21st of Feb, and only about 200kms not related to work/carrying tools, so after 12 weeks it should be something like 6000kms for work, ~1200kms personal...

You can claim approximately 75 cents a kilometer up to 5,000 business km.

i.e.

If you did for the 2012 financial year

7,0000 Business Km's

Spent $6,500 on receipts

Had a log book showing 80%

You could either:

a. Cents per Km method = $3,750

B. Log book method = $5,200

You know what I mean?

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joeyjoejoejuniorshabadoo
joeyjoejoejuniorshabadoo

probably worth more than your D1R's

Mohsen
Mohsen

i kinda want one. name him al pacacino.

Birds
Birds

You laugh now, but when I'm at a formal occasion with a shitty DJ and they need someone to drop Dre beats...I have something up my sleeve.

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dezz Grand Master

dezz

Posted
Posted

You can claim approximately 75 cents a kilometer up to 5,000 business km.

i.e.

If you did for the 2012 financial year

7,0000 Business Km's

Spent $6,500 on receipts

Had a log book showing 80%

You could either:

a. Cents per Km method = $3,750

B. Log book method = $5,200

You know what I mean?

valvoline.jpeg

No I don't, John Laws lol

Am I supposed to be keeping receipts for fuel? Coz I haven't been lol. Don't tell me ive been log booking this shit for nothing lol

I thought I just had to log book for 12 weeks, then that amount of kms gets multiplied by 4 to make it a full year and that's what u can claim XX% of

blah_blah Grand Master

blah_blah

Posted
Posted

No I don't, John Laws lol

Am I supposed to be keeping receipts for fuel? Coz I haven't been lol. Don't tell me ive been log booking this shit for nothing lol

I thought I just had to log book for 12 weeks, then that amount of kms gets multiplied by 4 to make it a full year and that's what u can claim XX% of

Oh man lol

Purpose of a Log book is to figure out the business use %. This business use percentage is then multiplied by the 'actual costs that you incur'

Cents per Km method is just a set rate x Km's you travel. Up to a max of 5,000km

paulr33 Grand Master

paulr33

Posted
Posted

yes pls

http://www.carsales.com.au/private/details/mitsubishi-lancer-2004-12013401?base=1216&vertical=Car&cr=0&eapi=2&__N=1282%204294964597%204294966896%201216%204294920624&silo=Stock&Range=Price:Min,Max~1&sort=~Price

emts Grand Master

emts

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scammer.....just saying

llama_au Grand Master

llama_au

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MUST SELL DUE TO GETTING MARRIED FIRST TO SEE TO BUY!!!!!!! 19inch black wheel, core lowvers which adjust the low and height of car this come in handy for humps and driveways, cd player, trip tronic boost controller, the car is completely stocked no work done to the motor, sad to see it go must sell please contact sam

You'd buy off this guy?!

dezz Grand Master

dezz

Posted
Posted

Oh man lol

Purpose of a Log book is to figure out the business use %. This business use percentage is then multiplied by the 'actual costs that you incur'

Cents per Km method is just a set rate x Km's you travel. Up to a max of 5,000km

Like I said business use will be 80% or more going by the logbook so far, and it'll be pretty much the same for the next 10 weeks.

Didn't know I had to keep fuel receipts though. Can you still use cents per km but with the log booked kms (more than 5000)?

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