New or Pre-Owned Car Tax Deductions

Claim a tax deduction on the cost of a new or pre-owned car this EOFY!*

Looking for a deal on a new or quality pre-owned vehicle?

The Australian Tax Office’s (ATO) temporary full expensing regime is offering eligible businesses and ABN holders a huge incentive to purchase a new or pre-owned car, ute or van before 30 June 2023*.

For example, an asset that may be eligible for an immediate tax deduction could be a passenger car for a delivery business or a ute for a trade business. In other words, eligible businesses can claim an immediate tax deduction for the business portion of the expense in the first year this asset is used.

At John Hughes, we have thousands of vehicles that fall under the deduction threshold^. Plus, our friendly team can assist with competitive financing arrangements.

Don't miss out, contact us below or visit any of our convenient locations - Victoria Park, Wangara, Welshpool or Rockingham - today.

*Eligibility, exclusions, and limits apply. This information is not financial advice. John Hughes recommends that you seek your own professional advice that is appropriate to your business, prior to any vehicle purchase. In the first instance, please refer to the ATO website (Temporary full expensing).

^Please refer to the ATO website (Instant Asset Write-Offer) for more information.