Tax & Motor Vehicles Webinar

How to apply the right tax treatment & avoid ATO scrutiny

Deductions under ATO scrutiny
Latest ATO guidance on when travel expenses are deductible

A Live Instructor Led Webinar

The ATO has increased its focus on deductions claimed by individual taxpayers, often resulting in additional scrutiny when deductions are claimed for cars and other motor vehicle expenses. Significant claims tend to put clients firmly in the ATO’s spotlight. The ATO has also been successful in cases before the courts and AAT.

The Tax & Motor Vehicles Webinar works through how to identify and apply the correct tax treatment to a range of scenarios involving motor vehicles. We look at what needs to be done to ensure that deductions can be claimed and who should claim them. We look at this area from the perspective of employees, business owners and employers to ensure that deductions can be justified.

Knowledge Shop members, register through the portal for the discounted rate
(new portal | retiring portal)
Total 1.25 CPD Hours (est.)

Details

Recorded: 22 February 2024

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

Managing tax issues relating to motor vehicles can be tricky. We walk through the key rules and common problem areas.

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • Tricks and traps when applying the cents per kilometre and log book methods
  • The tax impact when the vehicle is held by a business entity but used by an individual (and vice versa)
  • Claiming deductions and GST credits for vehicles provided to employees under salary packaging arrangements, including under the new FBT exemption for electric cars
  • The ATO’s expectations when clients use utes and other commercial vehicles for work or business purposes
  • When clients do and do not have to apply the luxury car limit for depreciation and GST purposes, and
  • The specific rules that apply to chattel mortgages, hire purchase arrangements and luxury car leases.

Our presenter

Tax Adviser, Knowledge Shop

Rae Ni Corraidh

Rae RoundRae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios.

She understands the challenges faced by practitioners and brings a wealth of practical experience to the workshop to ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.

Rae has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.

Rae holds a Masters in Commerce specialising in tax.