Car expenses – Rates per kilometre for 2012¬–2013
The Income Tax Assessment Amendment Regulation 2013 (No 1) was registered on the Federal Register of Legislative Instruments on 4 March 2013. It sets the "cents per kilometre" rates for calculating tax deductions for car expenses in the 2012–2013 income year. The rates remain unchanged from the 2011–2012 year and are as follows:
Car expense rates per kilometre for 2012 - 2013
| Type of Car | Engine capacity - non rotary engine (cc) | Engine capacity - rotary engine (cc) | Kilmoetre rate (cents) |
| Small Car | 0 - 1,600 | 0 - 800 | 63 |
| Medium Car | 1,601 - 2,600 | 801 - 1,300 | 74 |
| Large Car | 2,601 + | 1,301 + | 75 |
The cents per kilometre method can be used for the first 5,000 business kilometres only. If a taxpayer wishes to claim more than 5,000 business kilometres, he or she must use one of the other methods outlined in Div 28 of the ITAA 1997.
Source: Income Tax Assessment Amendment Regulation 2013 (No 1), www.comlaw.gov.au/Details/F2013L00394
