Did you know that the ATO reviews the Luxury Car Tax and Car Cost Depreciation Limit each year? In the 2025 financial year, these thresholds are increasing.
Here are the limits for FY2025 and the comparison to FY2024, which apply to the Equipment Finance Lease (Finance and Novated) product.
| Category | FY24 | FY25 |
| Luxury Car Tax (Fuel efficient vehicles) | $89,332 | $91,387 |
| Luxury Car Tax (Other vehicles) | $76,950 | $80,567 |
| Car Cost Depreciation Limit | $68,108 | $69,674 |
| GST Input Tax Credit Limit | $6,191 | $6,334 |
Ensuring compliance with these limits will help you optimise your tax benefits and maintain accurate financial records. As always, we’re here to help, so reach out to us to help you with your financial planning and lease agreements.
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