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