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> Your business situation > Expenses & deductions > Some common deductions  
 

Income and deductions for small business

 
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Company

If you operate your business as a company, you can claim a full deduction for expenses you incur in running a motor vehicle your company either leases or owns. If you also use the vehicle for private purposes, you may have to pay fringe benefits tax (FBT), which is also a deduction.

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For help with working out how much FBT you may have to pay, use our fringe benefits tax car calculator.

Sections within Motor vehicle expenses

Last Modified: Tuesday, 4 October 2011
 
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