depreciation car limit 2022 Page 2

Chasing the ATO’s car depreciation limit for 2022? Righto—numbers matter more than cupholders here.

For the 2021–22 income year the car limit was AUD $60,733; for 2022–23 it lifted to AUD $64,741.

That cap applies to the cost base for depreciation and also limits the maximum GST input tax credit to 1/11th of the limit.

It doesn’t affect LCT or running costs directly, and utes over 1‑tonne payload aren’t “cars” for this rule, which is why tradies keep smiling.

Consult official documentation for exact figures.