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| The Pub For General Automotive Related Talk |
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14-10-2009, 10:23 PM
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Regular Member
Join Date: Oct 2008
Posts: 448
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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
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1967 XR Parts For Sale
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15-10-2009, 12:37 AM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,922
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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..
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2022 RAM Laramie 5.7 2023.50 Ranger Wildtrak 3.0 V6 Premium Pack 2024 Everest Sport 3.0 V6 Touring Pack 2024.50 Mustang Darkhorse 6M Blue Ember + Appearance pack ETA Jan 25. |
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ABN Holders 50% back on new cars
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