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MOTOR VEHICLE DUTY

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Newbie

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I HAVE A LIMOUSINE BUISNESS MY CARS ARE DRIVEN BY MY DRIVERS ONLY THEY TAKE PEOPLE FROM A TO B THE CARS DO NOT DO ANYTHING ELSE  NO RIDE SHARING.

MY QUESTION IS IN RELATION TO CLAIMING GST ON COST OF VEHICLE.

I HAVE 2 ACCOUNTANTS ONE SAYS I CAN ONLY CLAIM UP TO $57,000.00 APPROX,THE OTHER SAYS BECAUSE THE BUISNESS USES THE VEHICLES 100% ONLY FOR THE TRANSPORT OF PASSENGERS (NO PRIVATE USE) I CAN CLAIM THE TOTAL COST WHAT ACTUALY APPLIES ???

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Taxicorn

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@GEORGE57 

 

Yes, you claim GST on the cars limit of $57,581 = $5,324

 

You don't meet one of the exceptions listed here so you can not claim the full amount:

 

https://www.ato.gov.au/Business/GST/In-detail/Your-industry/Motor-vehicle-and-transport/GST-and-moto...

 

 

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ATO Certified Response

Taxicorn

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@GEORGE57 

 

Yes, you claim GST on the cars limit of $57,581 = $5,324

 

You don't meet one of the exceptions listed here so you can not claim the full amount:

 

https://www.ato.gov.au/Business/GST/In-detail/Your-industry/Motor-vehicle-and-transport/GST-and-moto...

 

 

Newbie Registered Tax Practitioner

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Does your answer remain the same if the limousines are designed to carry more than nine passengers, therefore do not satisfy the s995 ITAA 1997 defintion of a car? 

Taxicorn

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@Mytaxaccountant 

 

No, because the car limit doesn't apply to those vehicles.