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| The Pub For General Automotive Related Talk |
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09-02-2005, 04:08 PM
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Blueprint Beast
Join Date: Dec 2004
Location: Melbourne Berwick AUSTRALIA
Posts: 1,077
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Just wondering how many might lease their cars for business these days and are there any real tax advantages ? or can one cheat a bit and say it's been used for the business,and gain the tax advantage ? .
Any input would be welcomed not that i'm thinking about it,but thought that it may be a good topic. Cheers John
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FPV & XR Owners Club of Victoria Leather seats, Premium sound, Sunroof, Satellite Navigation, Reversing sensors, Herrods lowered suspension, Full stainless steel Quad exhaust system, Helix spacer,Open mouth cold air induction,Uni Chip,BMC air filter |
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09-02-2005, 04:25 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Melbourne
Posts: 3,647
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yeh i have been wondering about this myself
i saw an R8 clubby the other day with the rego: TAXTOY and at the bottom of the rear skirt it had a business sticker! was the only signage that i could see on it as i now have my own business this got me wondering!
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Gone cruising
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09-02-2005, 05:10 PM
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Clevo Mafia Inc.
 
Join Date: Dec 2004
Location: Melbourne
Posts: 10,496
 
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I leased my Rodeo, after the first full tax year of ownership i got a tax refund of $9500.00, so the second year the tax man is paying all the payments.
But as a tradesman i write off 100% of the car. |
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09-02-2005, 05:17 PM
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trying to get a leg over
 
Join Date: Dec 2004
Location: Melbourne
Posts: 2,690
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I lease my Pursuit through my buisness, i claim the GST credit and claim 80% of the running costs because i keep my tools in the back for when i work on the truck.
If it was a 1 tonner i could claim 100% of the costs, but i would rather sacrifice the 20% and have something much nicer to drive
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Cameron ------------------------------------------------------ |
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09-02-2005, 05:43 PM
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An Old Boss™©
 
Join Date: Dec 2004
Posts: 1,145
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I have a novated lease on my Datsun, (S15), but only for personal km. I'm still saving over $9,000 per year in tax benefits and other things like getting fleet rate on insurance (which is no small thing when you are <30 and live in Sydney!)
BTW I'm only claiming against 15,000km p.a. as well, so it's a staggeringly good deal considering...
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Where did I go? What was I doing there?™© |
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Car Lease -is there any advantages ?
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