depreciation car limit ato 2022

Chasing the ATO car depreciation limit for 2022? Here’s the no‑nonsense version.

For FY 2021–22 the car limit was $60,733 (GST credit cap $5,521). For FY 2022–23 it jumped to $64,741 (GST credit cap $5,885). Spend more if you like, but for tax you only depreciate up to the limit; the extra is just driveway theatre. And no, this isn’t the Luxury Car Tax threshold — that’s a different circus entirely. For edge cases and mixed‑use quirks, have a quick word with your accountant.