Mv Car Limit 2024. You use the car for business. The car limit is the maximum value that can be used for depreciating the business use for a car (which can carry less than one tonne and/or carries less than nine passengers) first.
The car depreciation limit for the 2025 financial year is $69,764. Gazette notifications related to motor vehicle legislation.
You Use The Car For Business.
This is the highest value you can use to calculate depreciation on a car where both of the following apply:
A Sole Trader Purchased A New Car (Under 1 Tone And Less Than 9 Passengers, Under Car Limit) In May 2023, And The Car Will Be Partially Used For His Sole Trader Business.
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Mv Car Limit 2024 Images References :
Guide To Claiming The Decline In Value Of Capital Assets Used In Gaining Assessable Income, Such As A Car Or Machinery.