Motor Vehicle Mileage Rate 2024 Nz

Motor Vehicle Mileage Rate 2024 Nz. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs; If you’re going the mileage route, you can’t claim your vehicle’s depreciation as it’s already included in this method!

Claim expenses for business use of a vehicle using actual costs or logbooks and kilometre rates for the current year. If you’re using a vehicle for business purposes, you can claim tax back on expenses.