Company or trust

If you are a company or a trust, you can claim actual costs based on the receipts for the expenses you are claiming.

You can also claim private usage accounted for by the company but this can be complicated to calculate. If this applies to you, review ‘car fringe benefits’ at ato.gov.au for more information.

Claiming small business tax deductions

Steps Progress

What are deductions and what can I claim?

5 mins

Accounting for private use of assets

9 mins

Expenses you can never deduct

1 mins

Expenses you can deduct over time

10 mins

Stock and asset records

5 mins

Expenses you can deduct immediately

5 mins

Other deductions records

1 mins

Motor vehicle deductions

4 mins

Motor vehicle deductions records

2 mins

Related courses

1 mins

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