Dear ATO officer & everyone,
I have a partnership client who purchased an electric car for partnership business usage in 2023FY. The cost of the car was less than the car limit in 2023FY. There are two partners in this partnership business and the two partners are husband and wife.
The purchase contract of the electric car shows the purchaser's name as the partnership's name. All is good at this stage.
However, when registering a car in NSW, a vehicle can neither be registered in more than one person's name nor in a partnership's name. In other words, in NSW, a car can only be registered in one person's name or in a company's name. So, my client had to register this new electric car in NSW for business usage under the husband's name.
So, my question is, could I:
1) claim the GST of purchasing this car in Partnership's 2023FY BAS?
2) claim the depreciation or write off this car in the 2023FY Partnership tax return?
Kindly Regards,
Emily