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Ayusharora(Enthusiast)Enthusiast
22 July 2022

Hi,

I have question regarding Car Depreciation. For Example i bought a car $55000 including $5000 GST, If i used car 50% for business then i am eligible for 50% ($2500 GST), so my question regarding car depreciation which amount i need to be taken

Option 1. $55000-$2500=$52500 or


( $52500*50% ) $26250


Option 2. $55000-$5000=$50000

($50000*50%) $25000




Please advise.


Thank You.

366 views
1 replies
366 views
1 replies

Most helpful response

Most helpful replyATO Certified Response

AriATO(Community Support)Community Support
ATO Certified Response24 July 2022

Hi @Ayusharora


Option 1.


The cost is reduced by the amount of GST credit you claimed.


You can read more about the cost of an asset and GST on our website

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