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How do I calculate business-use percentage for car expenses?
How do I calculate business-use percentage for car expenses?

How to calculate kilometers traveled for expenses

Peter Bayliss avatar
Written by Peter Bayliss
Updated over a week ago

A quick example:

10,000km driven during 12 week period

8,000 km for ride-sharing or taxi travel

= 8,000/10,000 x 100

= 80% business use

 

Meaning, you would be able to claim 80% of your car expenses as a tax deduction and claim back 80% of the GST you pay on car related purchases.

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