Hi, I receive a vehicle allowance from my employer for a vehicle that is necessary for my job as a sales rep/ technical advisor / deliveries / etc, in sometimes remote locations. This vehicle must be 'fit for purpose' ( as specified by my employer), and one of the requirements is the ability to carry 1 tonne (I do a lot of deliveries to remote locations).
My previous company supplied vehicle was a 4WD ( bullbar /racking etc , designed for off road use), so I am replacing the previous company vehicle with a similar type vehicle that I now own
I have purchased a new Nissan Patrol (max 6 passengers), and had a GVM upgrade completed, so the carrying capacity is now over 1 tonne. This vehicle is 100% used for work purposes. (I have another vehicle for private use). This GVM upgrade has been certified by an engineer with a new compliance plate showing the payload (carrying capacity) as over 1 tonne
My question is - Can I depreciate the entire cost of the vehicle (approx $100k), or is depreciation limited by the car depreciation limit ($68,108)
Thank you ..... Chris
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