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XPT(Newbie)Newbie
16 July 2024

Looking at the two ATO webpages below, the Car Cost Limit this financial year (2024-25) is either $69,674 or $69,764. Which value is correct?


https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/assets-and-exclusions#Carcostlimit


https://www.ato.gov.au/businesses-and-organisations/small-business-newsroom/changes-to-car-thresholds-from-1-july

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2 replies
3,239 views
2 replies

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Most helpful reply

PollyATO(Community Support)Community Support
22 July 2024

Hello @XPT,


We have reached out to our GST team. They can confirm the correct figure for the 2024-2025 income year is $69,674.


We will update our website to reflect the correct figure on our assets and exclusions page.


Thank you for bringing this to our attention.





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2024-25 GST Car Limit | ATO Community