Jo operates a digital agency and uses the company motor vehicle to visit clients as well as travel to and from work.
As the company motor vehicle is a four-door utility, Jo’s travel from home to the office and return is deemed business use and tax deductible. The actual tax savings by making the travel to and from home tax deductible will depend on the distances travelled daily to work of course, but should be several thousand dollars per year.
For all of the details around claiming work and home travel check out the ATO’s website here.
More on FBT and exempt motor vehicles here.