18/08/2026
Thinking about buying a new car for your business? 🚗
From 1 July 2026, the car limit is $69,883. That means if you spend more than this on a passenger vehicle, you generally won't be able to use the full purchase price when calculating your depreciation deductions.
There are also limits on the GST you may be able to claim, plus updated Luxury Car Tax thresholds to consider if you're looking at a higher-priced vehicle.
It can be a lot to get your head around before you've even chosen the car.
We've broken down the new thresholds in plain English and what they're worth considering before you buy or lease your next business vehicle.
Read more 👉 bit.ly/4fXFmwk