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Guest channa

Can you claim your car if you have an ABN?

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Guest channa

Hi everyone!

I have recently just registered for an ABN, and my friends told me that I can claim my car on tax if I have one. I'm really 'iffy' about that and wanted some clarification. Also, I purchased my car a month before I got my ABN, wouldn't that make a difference?

 

Thank you!

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So long as you're using it for work you can claim.

If it's a non trade vehicle you need to keep a log for the first few months itemising work use against private use.This is used to calculate the amount you can claim.If it's a trade car it's a 100% write off from the get go and no log required.

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