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Viewing 3 posts - 1 through 3 (of 3 total)
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All Topics / Legal & Accounting / Novated Lease and IP Travel deduction
As it says! Can I claim the costs associated with travelling in a novated leased car – I am suspecting not but anyway.
Is the car lease being salary sacrificed? ie are you paying for the use of the car (rego, ins, fuel, depreciation etc) as part of your package or will you have to pay these costs separately ie reimburse your employer? Will the 'extra' travel to the IP cause you to over run your km allowance on the car hence getting a lower resale?
all costs are salary sacrificed. additional costs over and above are probably hard to argue as it is marginal (maybe 3k / year). I guess the benefits are factored into the additional km that reduce salary sacrifice fbt.
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