Changes have been made to some of the ways that motor vehicle operating costs can be claimed for business purposes, effective for the year ended 31 March 2018, but practically coming into effect for the 2019 tax year.
The three methods to claim deductions for running a vehicle are;
1. The business (other than a sole trader) owning the vehicle and paying fringe benefits tax (FBT)
2. The business claiming a rate per kilometre used for business purposes.