Bad news for motorists: planned motor vehicle deduction changes

Draft legislation has been released to amend the methods for calculating deductions for work-related car expenses from 1 July 2015. In essence the changes are to simplify the way the deductions are claimed by removing two of the methods previously used. Additionally, the Cents per kilometre method is now reduced to 66c per kilometre and … Continue reading Bad news for motorists: planned motor vehicle deduction changes