Tax Return, Deduction - Allowances Paid

nagel on 24/07/2015 - 23:20

Ok so I was getting paid 77 cents per km from company for travelling from site to site with my car and also living away from home expenses when working/staying on sites that was away from my homesite, a total of 2 grand almost. As there was no tax deducted from the allowances on my payslip I thought that was tax free so I never kept any receipts…

Now that I'm doing my tax return it looks like this counts as income and is getting taxed. Should I add those km i travelled (site to site) and got the allowances for in deductions? Or would I be doing something wrong and claiming things twice then? Just dont want to do anything wrong…

regards
Nagel

Financial

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Comments

  • eatwell365 on 24/07/2015 - 23:28

    Etax from ATO will provide you answers. Call ATO if further question. They have one of the best customer service.

  • tomclancy on 24/07/2015 - 23:40
    +3

    Should I add those km i travelled (site to site) and got the allowances for in deductions?

    Yes

  • Geewhizz on 25/07/2015 - 06:54
    -1

    It seems to me to be unlikely that you can claim it twice. Either way, you have to have kept a log book to be entitled to claim it through tax.

    • tomclancy on 25/07/2015 - 08:54
      +1

      Either way, you have to have kept a log book to be entitled to claim it through tax

      Not if you don't use the log book method. The other 3 methods don't require a log book to be kept.

      • tonyjzx on 25/07/2015 - 09:51
        -1

        talk to an accountant

        you'll only get idiotic armchair accountants responses here

    • nagel on 25/07/2015 - 14:42
      +2

      thats why I asked, it feels like I would be claiming something twice, but then again when you think about it I only claim for it not to be taxed in deductions I think right? And I have a copy of all trips I made (had to fill out claim milage sheets for company).

  • [Deactivated] on 25/07/2015 - 16:23

    Is the allowance listed under income on your Payment Summary? is it mentioned in your award? Some allowances that are in fact reimbursements for costs incurred or are specified as tax free in your Award are not classed as income
    Usually meal allowances fall into this category. In your case, you probably incurred travelling and living costs, which your allowance reimbursed you for.

    But checking with the ATO/ a qualified accountant will make sure you don't slip up

    https://www.ato.gov.au/Business/PAYG-withholding/In-detail/A…

    see table 2

  • nagel on 25/07/2015 - 20:37

    Its not included in the Gross Payments, its separate in "Total allowances $ 1917" then split up under: (not my actual numbers)

    ¤Inconvenience (AFH)+75 $ 1576
    ¤Kilometres $ 341

    Since allowances counts as a income when you put/preload into e-tax or myTax it will be getting taxed.

    So the way I understand it I should put in the kilometres I travelled under D1 and that would match the kilometres in my allowance so 443km that equals $341 (77c/km)

    Now with the LAFHA I should put the total amount $ 1647 under D2? Or would I need receipts for my meals/food for that?

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