Can a sole trader claim two vehicles as business deduction?

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(Enthusiast)Enthusiast

14 Sept 2023

I purchased a new work vehicle last financial year 2022-2023 and received a 100% instant asset write-off, though find that it's just not practical and has loads of features I don't require for work but do wish to keep this for private usage moving forward.

Earning 100% of my income as a sole trader, am I able to purchase a second more practical SUV work vehicle this financial year to use exclusively for work purposes and retire the vehicle from last financial year to private usage only?

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