novated lease above the luxury car depreciation limit

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(Newbie)Newbie

8 Apr 2025

How to calculate the deemed interest and deemed deprecation for novated lease which is above the luxury car deprecation limit in FY25

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AriATO

(Community Support)Community Support

17 Apr 2025

Hi @SaliyaNM

If you're working out the operating costs of the car, 7.9.1 of our FBT guide has info to calculate the deemed depreciation and deemed interest. The way you work out deemed depreciation, it's not impacted by how you treat depreciation for income tax purposes. Check the link for further info.

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