Rental Property Expenses Checklist: Your Guide to Maximising Returns on Your Aussie Investment
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Your Ultimate Guide to Work-Related Expenses: Maximising Your Aussie Tax Return
October 9, 2023
G’day! If you’re juggling multiple jobs or work sites, it’s vital to keep a detailed travel diary to claim work-related car expenses. Below is a sample diary that could help you out at tax time.
Travel Between Jobs Diary: [Your Name]
Financial Year: 2023-2024
Vehicle Details: [Make, Model, Registration]
Week 1 – [Starting Date] to [Ending Date]
| Date | From (Location & Job) | To (Location & Job) | Distance (km) | Reason for Travel | Odometer Start | Odometer End | Total Distance |
|---|---|---|---|---|---|---|---|
| 01/07/2023 | Job A, Sydney CBD | Job B, Parramatta | 25 km | Travel between primary job and secondary job | 15000 | 15025 | 25 km |
| 02/07/2023 | Job B, Parramatta | Job A, Sydney CBD | 25 km | Travel between secondary job and primary job | 15050 | 15075 | 25 km |
| 04/07/2023 | Job A, Sydney CBD | Job C, Bondi | 12 km | Travel to third job site | 15200 | 15212 | 12 km |
Week 2 – [Starting Date] to [Ending Date]
| Date | From (Location & Job) | To (Location & Job) | Distance (km) | Reason for Travel | Odometer Start | Odometer End | Total Distance |
|---|---|---|---|---|---|---|---|
| 08/07/2023 | Job A, Sydney CBD | Job B, Parramatta | 25 km | Travel between primary job and secondary job | 15300 | 15325 | 25 km |
| 09/07/2023 | Job B, Parramatta | Job A, Sydney CBD | 25 km | Travel between secondary job and primary job | 15350 | 15375 | 25 km |
| 10/07/2023 | Job A, Sydney CBD | Job C, Bondi | 12 km | Travel to third job site | 15400 | 15412 | 12 km |
Totals:
| Week | Total Distance |
|---|---|
| Week 1 | 62 km |
| Week 2 | 62 km |
| Overall | 124 km |
Remember, maintaining accurate records improves the reliability of your claims and makes life much simpler if the ATO decides to take a closer look. You should also keep fuel receipts, toll records, and any other travel-related expenses handy.
Have Questions?
For personalised advice on maximising your tax return, give us a buzz at (08) 9258 8137 or drop us a line at admin@universaltaxation.com.au. We’ve got your back!
Cheers, and safe travels! 🚗💨
Taral Khandheriya
Taral Khandheriya is a Certified Practising Accountant (CPA) and author at Universal Taxation, who specializes in tax preparation, small/micro business accounting, business services, bookkeeping, business broking, etc. He is well versed in implementing new business strategies that enhance business processes and improves profitability. In his spare time, he reads books on finance, investment tips, and business development strategies.
