• Pimping your ride: motor vehicles and taxes

    | Categories: Motor Vehicles , Accounting , Business , Invoice , New Zealand , Record KeepingTaxation

    Blog by Fuel Accountants

    IMPORTANT: This post is specific to New Zealand. If you are not a New Zealand business/taxpayer then it is probably not applicable to you.

    Having access to a vehicle is quite a necessity for a business these days. If you are in business for yourself your company vehicle is probably also the family car. This gives rise to some interesting tax questions about how much of your ride you can claim as a valid business deduction. There are a lot of things to consider – more than I can go through in this short article, but here are the three main methods for claiming a vehicle on your tax return.

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