Coco Hou: Tax time car claims - surprising things you can claim and definitely can’t

Accountant details what you can and cannot claim as vehicle tax deductions

With tax time approaching, many Australians are unsure about what vehicle expenses they can claim and what they cannot. According to Coco Hou, CPA and CEO of Platinum Accounting Australia, there are a number of eligible car-related deductions, but strict rules apply. “Car expenses are one of the most commonly misclaimed items on a tax return,” Hou said. “A lot of people assume they can claim just because they drive for work, but unless the trave…

Coco Hou: Tax time car claims - surprising things you can claim and definitely can’t

Tax time:  What car expenses can you claim? Some might surprise you With tax time approaching, many Australians are unsure about what vehicle expenses they can claim and what they absolutely cannot. According to Coco Hou CPA and CEO of Platinum Accounting Australia, there are a number of eligible car-related deductions, but strict rules apply. Understanding those rules can mean the difference between a maximised return and a costly audit. "Car e…