Abolished Car Allowance Tax Deductions

While there are still six months until the end of the financial year, a change to the car allowance tax deduction method of claim means you need to be thinking about how you use your car for work right now. Previously there were four ways you could claim back your car expenses as part of your individual tax return, however two of them no longer exist. To make sure you are able to easily deduct your vehicle expenses this year, these are the points you need to know.

Abolished Car Allowance Tax Deductions
On July 1, 2015, to coincide with the start of the new financial year, two methods of car allowance tax deduction were abolished. These methods are:

The calculation that allowed for one-third of actual expenses.
The calculation that allowed