Hi Everyone .
Im about to buy a new car for our sole trader business and im not fully up to speed with the whole accelerated depreciation. My dilemma is I would like to buy a new car which is $22,500 Drive away no accessories. Iam registered for gst but dont currently bother about keeping a log book. Will I be able to depreciate this in this tax year if I buy before June 30 as I would like to make my tax more deductible and how would they estimate business to personal usage. My estimate would be 80% business 20% personal. My main question is though is $22,500 to much and if not how much more could I possibly spend and not loose out on the accelerated depreciation as I would like some accesoories thrown in if I have room to spend a bit more without loosing out on the accelerated depreciation benefit.
Also what is the best way to finance just go through a caryard finance, persnal bank loan, the dealer was banging on about a chattel mortgage or something and some other option what would be the best method for further making my income deductible.
Thanks for all the help
20K accelerated depreciation help
Im about to buy a new car for our sole trader business and im not fully up to speed with the whole accelerated depreciation. My dilemma is I would like to buy a new car which is $22,500 Drive away no accessories. Iam registered for gst but dont currently bother about keeping a log book. Will I be able to depreciate this in this tax year if I buy before June 30 as I would like to make my tax more deductible and how would they estimate business to personal usage. My estimate would be 80% business 20% personal. My main question is though is $22,500 to much and if not how much more could I possibly spend and not loose out on the accelerated depreciation as I would like some accesoories thrown in if I have room to spend a bit more without loosing out on the accelerated depreciation benefit.
Also what is the best way to finance just go through a caryard finance, persnal bank loan, the dealer was banging on about a chattel mortgage or something and some other option what would be the best method for further making my income deductible.
Thanks for all the help
0 commentaires:
Enregistrer un commentaire