Forum Discussion
DuncanS
2 years agoUltimate Partner
Chris,
I gather you are a Sole Trader who has recently registered for GST.
The private % of a car is based on the Log Book.
A Tradesperson will normally have a lower private % than a Business Owner who works in an office.
The Motor Vehicle Expenses have a GST Code and Personal Drawings have a N-T code.
Note Registration does not have GST and MV Insurance may be part no GST (as per Tax Invoice).
Duncan
Chrisg48
2 years agoContributing User
I understand the premise and it was more on how to record it
seems like I have to manually work out the work value enter it as the right code then the personal value as the N-T
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