car limit 2022 ato

Looking for the ATO “car limit” for 2022? It’s the maximum cost you can use to calculate depreciation (and GST credit caps) on eligible cars.

For 2021–22 the car limit was $60,733; for 2022–23 it increased to $64,741 (AUD).

Spending above the limit? Lovely for the driveway, meaningless for tax—deductions are still capped at the limit.

Applies to cars under 1 tonne payload and fewer than 9 seats; utes and heavy vehicles may be treated differently. Consult official documentation for exact figures.