Cents per kilometre claim
Business kilometres for a financial year at the ATO rate, with your cap usage shown, for sole traders and partnerships.
Cruise
TurboThe cents per kilometre method is one of the two ways an individual can claim car expenses. You claim a set rate for each business kilometre, up to a cap, and you do not need receipts for running costs.
This report works out the claim from the trips you have already classified.
What it shows
Your business kilometres for the financial year, the rate applied, and the claim that comes to. Cap usage is shown as a plain fraction, like 4,200 of 5,000 km, so you can see how much headroom is left before you reach the limit.
The period picker offers financial years rather than calendar ranges, because that is how the claim is made.
The rate is set by the ATO and applied for you. There is nowhere to type a rate, on purpose: a claim computed from a number somebody typed is a claim nobody can stand behind.
Whether it applies to you
This method is for sole traders and partnerships of individuals, and only for cars under one tonne. If you are a company or a trust, or the vehicle is a one-tonne ute or a van above that weight, this is not your method, and the report will not make it so.
Axlerun produces the figure; it does not give tax advice, and it does not lodge anything. If you are unsure whether the method applies to you, ask your accountant before you claim.
If the logbook method suits you better, see nominate your FBT period and export the ATO logbook.
Last updated Sun Sep 27