Motor Vehicle Mileage Rate 2024 Nz. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is,. 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! Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs;