Don't ya love it when the rules work for Bikers?!! Ceebie13, I have the perfect rego plate for you: CO.CAR (Company Car) - I had it on my 900 Triumph, as my (then) comapny was indirectly paying for my riding! Seriously for sale, PM me if it's of any interest
If you keep a Log book for 3 months every 2 years to justify the percentage you claim it'll give you an idea if its worth it. If its over 70% business its worth claiming full expenses (ie running, gst ,gear). If not then claim on a mileage calculation of work use (X cents per work kilometre).
I've done the exercise. I claim all expenses on my car and mileage on the bike(when I get to use it). Ah good ol Mr Tax man! God love em.
Exert your talents, and distinguish yourself, and don't think of retiring from the world, until the world will be sorry that you retire. -Samuel Johnson
hahaha never heard of anyone doing that!
but you could invent a reason why it is used as a business vehicle.
you can claim the gst and depreciation in your tax, but remember you will have to pay the gst back and tax on what you sell it for later!
id be thinking hard if its worth doing.
i wonder if anyone has leased a bike and claimed the cost of the lease???![]()
would be a better idea
its Crazy Big Al but if your have lesbian fantasies you can read it crazy bi gal if you like!
Can't you buy your bike on a lease agreement? Then it's not an asset and you can free up the cash that you wanted to spend on the bike and still get GST back for your expense on the lease agreement.
What will cost less to bay back?
A depreciated bike or a bike after a lease agreement?
Was just wondering,cheers.
You can buy it on a lease just like any other motor vehicle. Whether that's better or not depends on your capital versus cash flow position.
Originally Posted by skidmark
Originally Posted by Phil Vincent
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