The ATO’s motor vehicle depreciation “car limit” for 2023–24 is AUD $68,108; for 2022–23 it was AUD $64,741.
It applies to cars designed to carry less than 1 tonne and fewer than 9 passengers, so no, your shiny new commuter doesn’t get infinite write‑offs.
You can only claim decline in value up to that limit—anything above it isn’t depreciable—and the GST credit (if registered) is capped at 1/11th of the car limit.
Luxury Car Tax is a different beast entirely, so don’t mix the two after your third flat white.
Figures change each 1 July; confirm with the ATO or your tax adviser before you sharpen the pencil.
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