Petrol prices mean car allowance ‘undercooked’

The rise in the work-related car expense deduction to 75¢ a kilometre from July fails to reflect the reality, said accounting bodies, and will leave millions of taxpayers short-changed.

ATO announces crackdown on dodgy car claims

The ATO announced the rise, up from 72¢, last week but its calculations are already being challenged.

Read more at Accountants Daily

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