Thread: Luxury Tax defeated in Senate!!!!!
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Old 04-09-2008, 11:48 AM
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Quote:
Originally Posted by Kato
You can only depreciate up to the luxury car threshold (i.e. $57k). Also as a work vehicle you will have to pay FBT on any private use etc etc etc. It is not big win as people make out.
agreed 100% it's a tax break but it aint huge
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