![]() |
|
![]() |
#1 | ||
AKA "the other bloke"
Join Date: Jan 2008
Posts: 1,963
|
reported today regarding the federal budget...
The Albanese government has slammed the brakes on the amount small business can claim for a piece of new equipment – down from $150,000 to $20,000 – making it impossible for businesses to instantly claim the cost of new commercial vehicles as a tax deduction. Australian Automotive Dealer Association chief executive James Voortman said he was disappointed the asset write-off had been scaled back, saying it helped businesses obtain more modern vehicles. “The instant asset write-off has resulted in many small businesses being able to purchase new vehicles for business use,” he said. “This has played a major part in ensuring Australia’s vehicle fleet is characterised by newer vehicles, safer vehicles and cleaner vehicles.” The scheme has helped four-wheel-drive utes such as the Ford Ranger and Toyota HiLux, Australia’s best-selling cars, maintain their place in the fast lane of vehicle sales charts. this starts from july 1 & the change has been hinted at for a long time, will this lead to a change in the buying tastes of aussie motorists going forward? I know of a few people who manipulated this rule for years claiming their hilux, ranger, triton etc as a work vehicle when in reality it was their grocery getter.
__________________
Her's: 2000 AU II Fairmont Ghia 75th anniversary VCT meteorite & 2014 yaris - white His Toy: 2012 fg II GT-E, emperor red His: VS Ute 5 Litre 5 speed (povo pack) His: 2012 FG II GS, Vanish His: 2003 BA GT-P, Lightening Strike Jnr: 2002 AU III Falcon XR6 ST, 5 speed Blueprint & 1978 XC Fairmont Neptune Blue Previous: 1976 HX 50th Anniversary Kingswood 2014 FGX G6E Turbo 1980 XD Falcon GL 2003 BA Falcon XR6 1991 EB Falcon S 1989 EA Fairmont 1982 XE Fairmont 1968 XT Falcon |
||
![]() |