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New claim thresholds for cars from 1 July 2018

Writer's picture: SKL AdminSKL Admin

When it comes to cars, there are limits on how much you can claim as tax deduction and GST credit.


From 1 July 2018, the following thresholds will apply (subject to general motor vehicle tax deduction rules):


Income tax depreciation: $57,581

GST input tax credit: $5,234.64

Luxury car tax: $66,331

Fuel efficient luxury cars: $75,526


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