Motor Vehicle Mileage Rate 2024 Nz

Motor Vehicle Mileage Rate 2024 Nz. If you’re going the mileage route, you can’t claim your vehicle’s depreciation as it’s already included in this method! Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre.

The table of rates for the 2022/2023 income year for motor vehicle expenditure claims. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs;