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So the total amount would roughly be $3900 after claiming on all car expenses + depreciation, which means we would have $3400 of taxable income? I'ld much rather we get taxed on the allowance as normal income if thats going to work out better. We'll have to book in to see an accountant I think.

Thanks for your help. Very much appreciated.

The car is a 2005 Holden Astra. She drives 2-3kms to work, and anything we need is in that distance. Obviously we do a little driving on the weekends but over 60% usage is definitly business. Thanks for your reply biggles, Andrew.

Thanks for the help. Just did some figures: Fuel: 3640 (Based on $70 a week, barely uses $40 at the moment!) Insurance: 900 Servicing: 1250 Rego: 700 New Tyres: 500 Total = $6990 Allowance = $7280 ($290 Difference) So am I right in saying that the car allowance, because its a FBT(?) gets...

Hi, My partner has been given a $140pw car allowance through her work since she has to use her own car a bit. Now we are new to this and were told that the allowance must be spent on the car (proven with reciepts) otherwise it has to be paid back at tax time. So what is the in's and out's...