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HmmIwonder(Newbie)Newbie
27 Mar 2025

in 2025 year, motor vehicle claim limit is $69,674 and max GST is $6,334. If the business sells the vehicle at a later date for more than the original purchase price, is the GST to be remitted to the ATO limited to the GST claimed on the purchase price?

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YellowPotato(Taxicorn)Taxicorn
27 Mar 2025

You pay GST as usual [on the business use of the asset]. 1/11th of the sale [business value of asset]. https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/in-detail/your-industry/motor-vehicle-and-transport/gst-and-motor-vehicles/disposing-of-a-motor-vehicle#ato-WhentoaccountforGSTondisposal


Car cost limit is for limiting the GST credits you can CLAIM [and lifetime depreciation].

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GST on luxury vehicle sales | ATO Community