If you have lost the receipts, you have lost the deductionIf you have lost the receipts, you have lost the deduction
If you have lost the receipts, you have lost the deduction
If you can justify the deduction of motor vehicle expenses on the basis that the expense was incurred in gaining assessable income, you still have to be able to provide evidence that the expenses were in fact incurred. You must be able to substantiate your claim.
The substantiation rules for motor vehicles are found in div 28. You will find the substantiation rules for work related sec 8-1 deduction in Schedule 900.
Remember, the
motor vehicle substantiation rules are different, in that they apply to all taxpayers, NOT JUST salary & wage earners.If you wish to look more closely at these provisions you can do so now...
Substantiation of Expenses: no receipts = no deduction
Substantiation of Motor Vehicle Expenses
