Motor Vehicle Mileage Rate 2024 Nz. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs; If you’re going the mileage route, you can’t claim your vehicle’s depreciation as it’s already included in this method!

These rates are going up for the 2024 financial year, as. You can claim vehicle expenses using ird’s reimbursing rate, (x cents per kilometre) but you’ll need to keep an ongoing log of all your business trips all year round.