Community

Motor fuel costs 100% tax deductible

FT
2023-07-28

Question

I have just read the text about ‘car expenses’ in the learning center. It states that the percentage of business expenses and tax deductibility (e.g. 75%) only apply to passenger cars. Have I understood it well as I say that I have to enter my percentage of business kilometres for my motorbike, but that the remaining amount is 100% tax deductible?

Yes, strange, isn't it? That deduction restriction only applies to passenger cars.

(Light) goods vehicles and motorcycles are not subject to any deduction restrictions based on CO² emissions. Only the professional use percentage applies. Still, it's a considerable advantage for (light) goods vehicles and motorcycles. I wonder how long that will last :)

Yes, it's great, isn't it, tax deduction restrictions only for passenger cars :)

But as UF says, how long will that last? They need money...

Still, be careful with motorbike costs. I myself contributed 80%. After an inspection, this was reduced to 20% and, after much discussion and persuasion, I was able to get it up to 50% for a main occupation.

Ask a question
Ask your question to the Dexxter community with over 27.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

Daily receipts / daily receipt book still necessary?

Transport to and from work

Sales invoices and daily receipts added together when calculating results

Entering sales invoices

Unpaid invoice

Change of address from my business registration?

2 accounts

Taking out insurance?

iC declaration – empty

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter