Upon completion of the training, you will be able to:
identify whether a vehicle is a ‘car’ as defined for income tax, GST and FBT purposes, including the classification of dual cabs and modified vehicles
identify if a car is a ‘luxury car’ as defined
identify whether a car is being used for a work-related or a private purpose
explain the categorisation of costs relevant to using cars and methods available to individuals and businesses for claiming a deduction for car expenses
outline the substantiation requirements to support deductions
calculate amounts deductible under the capital allowance provisions
outline the car expense deductions available for personal service entities
explain when an employer provides a car fringe benefit to employees and whether an exemption is available.
This on demand training will explore the core rules as well as recent developments in regards to:
definition of ‘car’ and its implications for the car cost limit, GST input tax credit entitlements and luxury car tax
the ATOs view on how to determine the principal purpose of a vehicle for luxury car tax
calculating deductions for dual cabs
recent AAT cases
PSI and FBT considerations
electric cars
This training is presented by one of TaxBanter’s experienced tax trainers.
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Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The Accurium – General Terms and Conditions can be accessed here.
