To work out car depreciation, see more information about the car cost limit. Improvements to assets. Under the simplified depreciation rules, you depreciate ...

The car limit for 2023–24 is $68,108 which represents the maximum value that can be used for calculating depreciation on the business use of a car first used or ...

For the 2024-25 financial year, the car limit is $69,674. This is the highest value you can use to calculate the depreciation on a car that is used for business ...

28 мая 2024 г. · For 2024–25, the maximum GST credit you can claim is $6,334 (that is, 1/11 × $69,674). This limit also applies to cars which are fuel efficient.

5 июл. 2024 г. · The car limit for 2024–25 is $69,674, which means this is the ... However, making matters more complicated is that this depreciation limit only ...

$12,400 for the first year without bonus depreciation. $20,400 for the first year with bonus depreciation.

8 апр. 2024 г. · 2024 depreciation limits are $20400 for year one, $19800 for year two, $11900 for year three, and $7160 for each year after that.

7 февр. 2024 г. · If bonus depreciation does not apply, the 2024 first-year limitation is $12,400 ($200 higher than 2023), and the succeeding years' limitations ...

11 июн. 2024 г. · The car limit for the 2024–25 income year has been set at $69,674. This figure is the maximum value you can use to calculate depreciation on a ...

The car depreciation limit for the 2024 financial year is $68,108. The car depreciation limit for the 2025 financial year is $69,764. The limit applies whether ...