ABN Holders 50% back on new cars

[XC-351]

so can someone whos actually done it give me a quick run through on how it went and there thoughts...

Hypothetically
im looking at buy a new ute, i have all the things needed, make under 2mil pay over 30k tax etc etc

just wanna know how much you got back?
how you got it back? or does it just come away from your tax at the end of the year?

any quick info would be great

[Smoke Pursuit]

Comes as a tax deduction.. So if your setup as a company you will get a tax deduction of 50% of the value of the vehicle ex GST then 30% of that value as a tax saving if that makes sense?

So if you buy a 50 k (ex GST) car x 50% = $25,000 then your tax saving in real dollars would be 30% which is $7,500 in tax..