Log book makes this discussion superfluous

Now that I have time, just so we are all clear and without John trying to be smarter than a chartered accountant: :p

If you are an [B]EMPLOYEE[/B] the criteria is per what Jme posted here: [url]http://www.ato.gov.au/individuals/content.asp?doc=/content/16391.htm&page=6&H6[/url] That is if you receive a travel allowance or you claim costs in your personal tax return for motor vehicle use the vehicle must be 1 ton capacity among other things.

If you are an [B]EMPLOYER[/B] you have a different criteria which relates to Fringe Benefits Tax and is defined here [url]http://law.ato.gov.au/atolaw/view.htm?docid=MTR/MT2024/NAT/ATO/00001[/url] These vehicles do not have to be 1 ton capacity per the attached.

There is a list of vehicles exempt from FBT which is issued each year based on the amount of enquiries received. If a vehicle isnt on the list it just means there have not been many enquiries. You can rely on a vehicle being on the list in a prior year still being classed as a commercial vehicle. [B]This list is for employer provided vehicles and relates to FBT![/B]

The car depreciation limit has yet another criteria (are you still with me).

To be exempt from The car depreciation limit the vehicle has to be 2 Tons or more, more than nine seats or a hearse blah blah blah and there are different rules re GST and the limits and LCT including a new higher rate of $75K for fuel efficient cars.


Now to keep my PI insurance down read below:
None of the above constitutes advice and you should not rely on it - speak to your Accountant about your particular circumstances.

Employee supplied vehicles suck... So I don't read up on that. :D

[QUOTE=Kato;440236]Employee supplied vehicles suck... So I don't read up on that. :D[/QUOTE]

Not when you are the employer!

Brendon

[QUOTE=urabus;440271]Not when you are the employer!

Brendon[/QUOTE]

Haha - many of my clients have an interesting Employer/Employee arrangment with themselves :D