3 simple points to deduct your car tax!
Immediately loan » taxes» to deduct car tax Each of us wants to deduct his car tax. The question is, how can you do that efficiently to reduce your tax debt? We help you to facilitate this process for free.
So that you can deduct the car tax and thus properly tax can save you must pay attention to some points. I would like to mention the most important points here as you can make sure that you can deduct your car tax with maximum tax reduction.
Below you will find here a checklist that allows you to deduct the car tax and thus to save taxes.
In order to minimize your taxes you first have to clarify your personal situation and you also have to understand why this topic actually works if you want to deduct the car tax.
You should ask yourself if you want to use the car tax as a freelancer or maybe you are completely independent and have even bought your car through your company.
It may also be that you are an employee of a larger company and, for example, as an insurance agent on the move. But it does not necessarily have to be the insurance industry to sell your car tax.
It can be any sales job that you practice and where you use your car for business operations. And before you think about taking a car loan you should probably think about it as well as how it really is about being able to sell the car tax!
But always keep in mind that it depends on your personal situation how you can deduct your car tax.
Car tax deduction – step by step
Car tax deduction without if and but !!!
In many cases you will also hear that one speaks of a so-called kilometer allowance. Above all, you probably hear that more often in Austria than in Germany or Switzerland.
But no matter. First of all it is of course to know that you can deduct the car tax when you use your vehicle operationally.
There is money for every kilometer driven. The amount is different here every year and also differs from Germany Austria and Switzerland.
It is clear that it is important that you write or use a so-called logbook. In this logbook is recorded how many kilometers are used for business and how much you drove privately. With this you can prove to the responsible tax office in which way you have used the vehicle operationally or privately.
It is clear that there are also country-specific maximizations. So what does that mean, of course, that you can not specify an infinite number of kilometers for operational use. No, it is also a fact that the mileage is maximized with a so-called lump sum. And this amount varies from year to year. The basics, however, are always the same.
In other words, in order to be able to deduct the vehicle tax, the guidelines and foundations in Austria are similar to Germany as they are in Switzerland. Not exactly the same. But they do have a lot of similarities.
The basic principle is just to understand if you can use your car operational and that you record with a so-called logbook these trips.
With these records, you then have the opportunity to submit a written proof to the tax office. And if you have undertaken business trips, then you have the means of mileage the opportunity to sell your vehicle tax.
But what does the mileage allowance actually have to do with the car tax? Not much, basically. The tax treatment only states that your car taxes were abgeegeolten by the mileage.
With the logbook and the associated records, you can hold this useful wear of your vehicle. I would also like to add that you only with complete records of a logbook have the opportunity to submit this with your income tax return.
Basically, you see, the general principle is not that hard to understand how you can sell the car tax.
Deduct the car tax
In principle, it is not a big witchcraft to be able to sell the vehicle tax. Nevertheless, it is really important that you can present the necessary documents for the responsible tax office. It is always important to have all necessary documents and documents ready for the income tax return.
So you see that you can deduct the vehicle tax, it is of course important to know your personal situation. And of course, it makes a difference whether you use your vehicle as a private person or have a so-called side job.
If you use the vehicle as a resource and your car has already been purchased on behalf of your company, then this is the general operating expense and you can not use a lump sum. Why is that?
If you founded a corporation then you already have a legal entity. This third person if you want or legal entity now owns the car in this case.
This situation is completely different. Because that means all the costs that cause the vehicle, costs of your company and 100% operating expenses when the vehicle is actually used 100% for the service or service of your company.
How can you tell? As an example, if you have a service as a small transport company, then you deliver goods daily with your small van. Then it is obvious that this vehicle is of course 100% operational.
All costs incurred by this vehicle are hereby a 100% expense of your company. And of course, these operational expenses reduce your revenue. This will not take into account the kilometers driven but all the costs as a whole against your income calculated.
The entire cost of your vehicle, registration fees, insurance and possibly you have also made a financing of your car or your pickup truck. Repairs, fuel costs, maintenance costs, anything you can imagine are now a cost to your business.
So you see that it is very important to understand what conditions are met if you can sell your car tax or not.
Different circumstances in turn form the basis for a different tax treatment. Can you now use your vehicle privately for a side job or as an employee in the field that works for a company. Or are you an entrepreneur, an insector of a corporation and do you prefer to buy a vehicle for the company?
The decision how you want to use your car can of course only be influenced by you if you think about becoming self-employed. But in many cases, you can not make this decision because in many cases, it may be that you are just an employee in the field and so you automatically fall into the category of your private car with a lump sum of the car tax deductable.
Another possibility is, of course, that you are an employee in the field and the company provides you with a vehicle. If this is the case, it is obvious that you can not deduct a car tax.
Because in this case the company for which you are working owns the vehicle and it will be made available to you for the operational activity. This means that your company will pay all the costs of this vehicle and you will not be charged for it privately.
It is important to understand the basics to be able to deduct the car tax.
If you need a car loan quickly and easily then you will find in the appendix a list where your car financing can also be settled immediately by means of a personal loan,