1. Cars home
  2. Fuel & economy

Ask an expert

Jaguar10
By Jaguar10 | AA Member | 3 Posts | 22 May 2013 at 12:09pm

Hi, I've a 1996 RAV4 and have 2,000 business KM to claim as a tax deduction this year. Do I use the $133.06 per km figure in your mileage calculator? Thanks Jack. RB

ABayliss
By ABayliss | AA Expert | 2169 Posts | 22 May 2013 at 12:18pm

No. Our calculations are based on a 3 year old car, with the biggest component of the annual running cost being depreciation. A 1996 vehicle has depreciated to a point where there is very little depreciation left, hence the real cost of running a car such as this is significantly lower.
The best rate for you to use on an old vehicle such as this would be the IRD's rate, which I believe currently stands at .77c per km.