Are You Missing Out On Tax Deductions Relating To Your Car?

Updated July 5th 2023

If you use your car for work related trips and pay for some or all of the running costs you may be entitled to claim a tax deduction which will help to reduce your end of year tax bill. Depending on your circumstances this could be a substantial tax deduction, however if you don’t keep the right records then you could be losing out.

For some further information on how to maximise your car related tax deductions check out the CIB Tax Guide or call us at CIB Accountants & Advisers and ask for Graeme Bellach on + 61 2 9683 5999.