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Part M: Motor vehicle expenses

Last updated 17 February 2020

Did you have motor vehicle expenses in your business?

No

Go to Part N.

Yes

Read on.

You need to know

Questions D1 and D2 in TaxPack 2004 tell you more about the expenses you can claim.

Do not include depreciation, finance leasing charges or interest paid. These should be included at M Depreciation expenses, J Lease expenses, QInterest expenses within Australia and R Interest expenses overseas item P8 on your schedule.

Completing this part

Step 1

Write your total primary production motor vehicle expenses at Motor vehicle expenses, Primary production column, item P8 on your schedule. Do not show cents.

Step 2

Write your total non-primary production motor vehicle expenses at Motor vehicle expenses, Non-primary production column, item P8 on your schedule. Do not show cents.

Step 3

Add up your primary production and non-primary production motor vehicle expenses and write the total amount at N item P8 on your schedule.

Step 4

If you are claiming motor vehicle expenses for a car under one of the four methods described in question D1 in TaxPack 2004, find the code letter that identifies the method you used to work out your expenses and print it in the TYPE box at the right of the amount at N item P8 on your schedule.

If you are claiming motor vehicle expenses other than for a car – see question D2 in TaxPack 2004 – print the code letter N in the TYPE box at the right of the amount at N item P8 on your schedule.

If you have more than one code, print only the code that applies to the largest claim.

QC27547