The ATO has set a new rate of 88 cents per kilometre as the standard rate for claiming vehicle usage from 1 July 2024.
This rate is useful for the following:
One of the best ways to work out the kms is by using a logbook app
Refer here for prior year rates - cents per kilometer FY24
Disclaimer: This information is general in nature and is not an opinion expressed by us. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances. Should you require our assistance, contact your Primarius Team leader, or email us at info@primarius.net.au
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