Use the following rates to calculate the allowable expense for using your vehicle for business purposes for the 2018-2019 income year.
Using the Tier 1 and Tier 2 rates
The Tier 1 rate is a combination of your vehicle's fixed and running costs. Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year. This includes private use travel.
The Tier 2 rate is for running costs only. Use it for the business portion of any travel over 14,000 kms in a year.
|Vehicle type||Tier 1 rate||Tier 2 rate|
|Petrol or diesel||79 cents||30 cents|
|Petrol hybrid||79 cents||19 cents|
|Electric||79 cents||9 cents|