NOTE: parking and tolls are claimed at item D2 = 149

MOTOR VEHICLE WORKSHEET

Make and model of car: 3.3L Ford Falcon sedan

PURPOSE OF BUSINESS USE			LOG BOOK SUMMARY
Visiting clients.			Has the log book been sighted?	yes	no
Remember that you must always explain the connection between the car travel that is being claimed and the taxpayer’s work.			Year of log book	2005
			1. Closing km of 12 week period
			2. Opening km of 12 week period
			Total km in 12 week period (1 - 2) =	12348 A
			Business km in 12 week period	9881 B
			Business % B/A x 100 =	80%
FINANCING DETAILS			MOTOR VEHICLE OPERATING EXPENSES
1. Actual interest paid (Must use if figure obtainable)			Fuel and oil Based on km traveled in the year. Average price of fuel $ per litre. L/100km x total km x price/100 = fuel cost	4735
2. Elite figure calculated Section 240
3. Rule of 78 (Not for new cars! Can only be used if it already being used to claim interest on a hire purchase).			Services:	357
Amount borrowed	B		Repairs	432
Total repayments $ x mths	A		Tyres and batteries	188
Total interest repayable A - B	C		Registration and third party	520
Month of first payment			Insurance: Paid to NRMA	698
C x factor from tables			Interest: Paid to CBA	1208
4. Flat rate C/(mths of repayment) x mths paid this yr			Lease payments: Paid to
			Depreciation (100% claim)
DETAILS OF REPAIRS			Other
Without a valid log book his claim would be limited to $4176, provided that he could reasonably demonstrate that he had traveled > 5000km of work-related travel for the year. Brakes 432
Tyres 50			GROSS EXPENSES	8138
Battery 138			x Business 80 %	6510
			Less reimbursements
			DEDUCTION CLAIMED	6510
CENTS PER KM METHOD (2005 rates)			12 % METHOD
ENGINE SIZE	RATE		2003+ depreciation cost limit	$57,009
0 - 1600cc	0.55		Km traveled 34714 in 12 mths
1601 - 2600cc	0.66		cost/market value at time of acquisition	$34,800
2600+cc	0.67		x 12%	4176
			x /365 (prorating if car owned only part year)
Make and model of car
Ford Falcon			DEDUCTION CLAIMED
Engine size	3300 cc
Calculation 5000 x 0.67 = 3350		Taxpayer’s signature:
DEDUCTION CLAIMED

DEDUCTION CALCULATED LESS ANY REIMBURSEMENTS = 6510 Code B