What car expenses you can and can’t claim at tax time

AutoExec Summary

The Australian Taxation Office (ATO) is closely monitoring ride share drivers and peer-to-peer vehicle sharers for potential tax misrepresentation. Will Davies from Car Next Door warns that over-claiming expenses can lead to fines. While legitimate claims include membership fees and operational costs, common mistakes include claiming daily commutes and double-dipping on employer-provided vehicles. The ATO emphasises that improper claims harm the community and encourages drivers to consult tax accountants about depreciation claims to maximise savings.

Brands mentioned: Toyota