Vehicle Mileage Reimbursement

If you use your private vehicle for rental property related activities (or for business activities if you are self employed), then you can keep a logbook stating the date, distance and reason for the travel. A vehicle mileage claim can then be included in your tax returns.

Mileage Rate for 2020

The vehicle mileage rate for the 2020 tax year for mileage of up to 3,500kms is 79 cents per kilometre.

Logbook Requirements

The IRD’s mileage set rates can only be used where a logbook is maintained or there is other evidence to establish the rental or business use of a vehicle.

Disclaimer: The above article is general in nature and we recommend you seek professional advice tailored to your specific personal situation.

Recent Posts

See All

End of Year Tax Return Forms

The end of the 2020 tax year was on 31 March 2020 so you can now send your information to us. Here's our list of information required along with some extra forms you might need: Information Required L

Write a comment

Thorne Accounting

Postal Address

PO Box 11264

Ellerslie, Auckland 1542

​

Physical Address

642 Great South Road

Ellerslie, Auckland 1542

Thorne Accounting Limited © 2020

Thorne Accountng Tax Review

If you have another accountant but just want a second opinion, we can review your financial statements, tax returns and your tax structure to make sures it's tax efficient.

Find out more

TAX REVIEW
only $92 including gst.