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Thread: car allowance

  1. #1
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    car allowance

    had this discussion at work today

    at times we need to use our own car to carried out work business, the company acknowledges this and allow us to claim an allowance for each trip

    the current rate is $0.55/km....apparently its been this figure for years

    i think its reasonable however the cost of fuel has probabyl/nearly doubled from when it was first worked out and the cost of maintenance has risen as well

    what does your employer pay?

    keep in mind this is not making a claim at tax time

  2. #2
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    Weeds,

    The rates are defined in the awards. We are currently paying our electricians $0.69 per Km.

    Cheers.

  3. #3
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    Quote Originally Posted by WhiteD3 View Post
    Weeds,

    The rates are defined in the awards. We are currently paying our electricians $0.69 per Km.

    Cheers.

    the awardwhats that.......awa's here with the odd allowance floating around

    however they do remind us regularly that by being on a AWA we are always going to be better off the and award employee/equilivant

    must track down the awards

  4. #4
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    I get $0.65/km if I need to use mine.

  5. #5
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    the ATO has the official rates, btu they vary depending on engine size. I know taht my wife's company charge a client about $1.50 a km for her to travel as a consultant
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  6. #6
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    have a look at racq, nrma, racv websites and you can find the operating cost for most current vehicles - its more realistic than $0.70c a km for a large 4wd.
    i don't leave home unless it's a dollar a km.
    how much is a cab per km these days?
    Safe Travels
    harry

  7. #7
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    Quote Originally Posted by Phoenix View Post
    the ATO has the official rates, btu they vary depending on engine size. I know taht my wife's company charge a client about $1.50 a km for her to travel as a consultant
    i found the rates at the ato....but they are for when your employer does not offer an allowance and you need to claim when you do you tax, not quite as good as the employer paying up front.

  8. #8
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    Quote Originally Posted by Phoenix View Post
    the ATO has the official rates, btu they vary depending on engine size. I know taht my wife's company charge a client about $1.50 a km for her to travel as a consultant
    See Claiming a deduction for car expenses using the cents per kilometre method
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  10. #10
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    This sounds like a reimbursement, not an allowance.

    An allowance is paid whether you use the car or not. Its taxed (unless you lodge a variation) & it appears on your PAYG summary at the end of the year.

    A reimbursement is just an expense claim like any other expense. Put the claim form in & get reimbursed accordingly.

    Regards
    Max P

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