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 ...

Car limit. There is a limit on the cost you can use to work out the depreciation of passenger vehicles (except motorcycles or similar vehicles) designed to ...

30 авг. 2024 г. · From 1 July 2024 until 30 June 2025 the maximum claimable depreciation for motor vehicles has increased to $69,674. The limit for the 2024 ...

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 ...

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 ...

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.

20 мая 2024 г. · 40% for property placed in service in calendar year 2025, and · 20% for property placed in service in calendar year 2026.

24 июн. 2024 г. · The ATO reviews the Luxury Car Tax and Car Cost Depreciation Limit each year. In the 2025 financial year, these thresholds are increasing.

5 июл. 2024 г. · The car limit for 2024–25 is $69,674, which means this is the highest value you can use to calculate depreciation on a car you use for business ...

If a sport utility vehicle (SUV) is exempt from the annual “luxury vehicle” depreciation caps, the amount of the section 179 deduction is limited to $30,500 ...