depreciation rate on commercial traveller motor vehicle

 Author: Taxduck(Taxicorn)Taxicorn

2 Dec 2023

You can choose your own effective life of an asset, or use the Commissioner's rate (8 years for a car). 8 years for a car is the only rate the ATO has for cars, no distinction is made for occupations. See link on choosing your own effective life.

https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/general-depreciation-rules-capital-allowances/effective-life-of-an-asset