Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | ... | 347 | 348 | 349 | 350 | 351 | 352 | 353 | 354 | 355 | 356 | 357 | ... | 655
jarledb
Webhead
3138 posts

Uber Geek

Moderator
ID Verified
Trusted
Lifetime subscriber

  #2743037 12-Jul-2021 13:18
Send private message quote this post

Please take the discussion about ICE utes to another thread.

As usual I will be deleting further off-topic discussion.




Jarle Dahl Bergersen | https://keybase.io/jarledb - Referral Links: Buying a Tesla? Get free extras by using my referral code. - Want $50 off when you join Octopus Energy? Use this referral code.
Are you happy with what you get from Geekzone? Please consider supporting us by making a donation or subscribing.


 
 
 

GoodSync. Easily back up and sync your files with GoodSync. Simple and secure file backup and synchronisation software will ensure that your files are never lost (affiliate link).
Obraik
2007 posts

Uber Geek


  #2743049 12-Jul-2021 13:52
Send private message quote this post

RobDickinson:

 

Back to the model 3 (or similar priced EV) - am I right in thinking as a business buyer you can claim GST back so the SR+ would be just under $50k to buy ( ing GST removal and rebate).

And you can claim 14,000 worth of mileage at $0.79c, $11,000 a year (minus around $400 in electricity..)?

 

 

Bringing things back on topic...I'd actually like to know the answer to that.





Looking to buy a Tesla? Use my referral link and we both get credits


nzkiwiman
2585 posts

Uber Geek

Subscriber

  #2743153 12-Jul-2021 14:24
Send private message quote this post

Picked up my Model 3 in Auckland on Wednesday and drove it down the country to Dunedin, arriving on Saturday.

 

Total cost in electricity - $47 via ChargeNet chargers (5 chargers via Superchargers were free, rough cost per charge $23NZ)

 

Great experience, great car .. will take a significant amount of learning to figure out all the things that it can do.




RobDickinson
1408 posts

Uber Geek


  #2743154 12-Jul-2021 14:24
Send private message quote this post

OK there is a GST component of the rebate you cant count ?


  #2743174 12-Jul-2021 15:15
Send private message quote this post

Obraik:

 

RobDickinson:

 

Back to the model 3 (or similar priced EV) - am I right in thinking as a business buyer you can claim GST back so the SR+ would be just under $50k to buy ( ing GST removal and rebate).

And you can claim 14,000 worth of mileage at $0.79c, $11,000 a year (minus around $400 in electricity..)?

 

 

Bringing things back on topic...I'd actually like to know the answer to that.

 

 

AIUI, this is correct: the IRD reimbursement provision is "The Tier 1 rate is a combination of your vehicle's fixed and running costs. Use the Tier 1 rate for the business portion of the first 14,000 kilometres travelled by the vehicle in a year. This includes private use travel. The Tier 2 rate is for running costs only. Use the Tier 2 rate for the business portion of any travel over 14,000 kilometres in a year."

 

See https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/types-of-business-expenses/claiming-vehicle-expenses/kilometre-rates-2020-2021

 

Note: for the avoidance of doubt, I am not a tax advisor or a financial advisor. Anybody who needs tax advice or financial advice should consult an appropriately qualified professional.


Scott3
3394 posts

Uber Geek

Lifetime subscriber

  #2743187 12-Jul-2021 15:34
Send private message quote this post

Obraik:

 

RobDickinson:

 

Back to the model 3 (or similar priced EV) - am I right in thinking as a business buyer you can claim GST back so the SR+ would be just under $50k to buy ( ing GST removal and rebate).

And you can claim 14,000 worth of mileage at $0.79c, $11,000 a year (minus around $400 in electricity..)?

 

 

Bringing things back on topic...I'd actually like to know the answer to that.

 

 

For specific tax advice one would need to engage a professional who is allows to provide that advice. (I am not).

 

 

 

My understanding is that this is how it works, but I am largely guessing:

 

Regarding the GST thing. Yes, as with any vehicle, a GST registered business can claim back the GST on the model 3.

 

$60,107 / 1.15 = $52,227 excl GST. (But this would need to be compared with the GST exclusive prices of other vehicles).

 

If a (non taxi, non ute / tray truck) 5 seater business vehicle is used for any personal use (such as commuting home from work), FBT needs to be paid.

 

GST needs to be charged by the business when they sell the tesla.

 

 

 

Re mileage at 79c/km, you can't stack this on top of the above. It is the rate that can be used for reimbursement for business use of a private car. The IRD is what my old employer would pay when we used private cars for business travel ($350 to run my old corolla for a round trip Auckland to rotorua which it would do on under $100 in fuel - sweet deal). Alternatively actual running costs may be used. I think there might be a rule that says self employed people need to use actual costs.


jarledb
Webhead
3138 posts

Uber Geek

Moderator
ID Verified
Trusted
Lifetime subscriber

  #2743191 12-Jul-2021 15:42
Send private message quote this post

You can't claim the GST and take it as a business car AND claim the milage in addition. That is only for when you use your own car for business.

 

If it is a business vehicle you can claim all running costs (insurance, electricity used, servicing etc) for the portion the vehicle is used for business purposes.

 

And as PoliceGuy stated: Don't rely on him or me for our advice on accounting, talk to a qualified professional.





Jarle Dahl Bergersen | https://keybase.io/jarledb - Referral Links: Buying a Tesla? Get free extras by using my referral code. - Want $50 off when you join Octopus Energy? Use this referral code.
Are you happy with what you get from Geekzone? Please consider supporting us by making a donation or subscribing.




RobDickinson
1408 posts

Uber Geek


  #2743199 12-Jul-2021 15:50
Send private message quote this post

Ah fair enough you cant do both!

Would take some maths and proper advice to work out which way was best then.


  #2743203 12-Jul-2021 15:59
Send private message quote this post

RobDickinson:

 

Would take some maths and proper advice to work out which way was best then.

 

 

The fee for the "proper advice" will of course include a contribution towards the advisor's Professional Indemnity Insurance in case their advice should prove to be wrong, and expensive for you

 

LOL

 

 


kingdragonfly
9156 posts

Uber Geek

Subscriber

  #2744289 14-Jul-2021 21:41
Send private message quote this post

A hard turn, even for experienced drivers. however rolling through stop signs is not good, even if it's what most people do.

Tesla Full Self-Driving (FSD) Beta 9.0 - Three cross highway turns .. Disappointing.




Obraik
2007 posts

Uber Geek


  #2744300 14-Jul-2021 22:27
Send private message quote this post

On the other hand, here is FSD driving on dirt roads, which I find somewhat impressive.




Looking to buy a Tesla? Use my referral link and we both get credits


RobDickinson
1408 posts

Uber Geek


  #2744368 15-Jul-2021 09:04
Send private message quote this post

Question - should fsd drive like you should or how people do?

because we know the two dont measure up.

And if you end up behind someone driving like you should its usually a pain in the ass.

 

 

 

 

 

edit - skip it its not really ev related


Azzura
583 posts

Ultimate Geek

ID Verified

  #2744409 15-Jul-2021 09:47
Send private message quote this post

Matthias Schmidt on Twitter : EU Commission will later today reveal that they plan on banning the sale of new passengers cars that emit CO2 from 2035 onwards. - https://twitter.com/auto_schmidt/status/1415214883893915651


RobDickinson
1408 posts

Uber Geek


  #2744410 15-Jul-2021 09:51
Send private message quote this post

Nice move but I am struggling to imagine a situation where people are buying new petrol powered passenger vehicles past 2030 in Europe anyhow - outside of a few extreme edge cases.?


kingdragonfly
9156 posts

Uber Geek

Subscriber

  #2744709 15-Jul-2021 18:14
Send private message quote this post

Munro Live Youtube Channel is making a detailed long tear-down series about the Ford Mach-E,over several videos.

Gives some insights into Ford's future direction with EV's, and modern automotive builds in general,.

Also VW ID.4, and Tesla

https://www.youtube.com/c/MunroLive/videos

1 | ... | 347 | 348 | 349 | 350 | 351 | 352 | 353 | 354 | 355 | 356 | 357 | ... | 655
View this topic in a long page with up to 500 replies per page Create new topic





News and reviews »

Synology Introduces BeeStation
Posted 23-Feb-2024 14:14


New One UI 6.1 Update Brings Galaxy AI to More Galaxy Devices
Posted 23-Feb-2024 10:50


Amazon Echo Hub Available in New Zealand
Posted 23-Feb-2024 10:40


InternetNZ Releases Internet Insights 2023
Posted 20-Feb-2024 10:31


Seagate Adds 24TB IronWolf Pro Hard Drives for Multi-user Commercial and Enterprise RAID Storage Solutions
Posted 19-Feb-2024 16:54


Seagate Skyhawk AI 24TB Elevates Edge Security Capacity and Performance
Posted 9-Feb-2024 17:18


GoPro Releases Quik Desktop App for macOS and Introduces Premium+ Subscription Tier
Posted 9-Feb-2024 17:14


Ring Introduces New Ring Battery Video Doorbell Pro
Posted 9-Feb-2024 16:51


Galaxy AI Transforms the new Galaxy S24 Series
Posted 18-Jan-2024 07:00


D-Link launches AI-Powered Aquila Pro M30 Wi-Fi 6 Mesh Systems
Posted 17-Jan-2024 20:02


Newest LG 4K Lifestyle Projector Doubles as Art Objet
Posted 9-Jan-2024 15:50


More LG Smart TV Owners Set To Enjoy the Latest webOS Upgrade
Posted 9-Jan-2024 15:45


Panasonic Announces the Z95A and Z93A With Fire TV Built In
Posted 9-Jan-2024 15:30


Amazon Echo Pop Review
Posted 8-Jan-2024 14:22


Samsung Tab S9 FE Review
Posted 17-Dec-2023 08:26









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.







GoodSync is the easiest file sync and backup for Windows and Mac