Save Tax by Buying a Electric Car

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Now you can save taxes by purchasing an electric car !! 🚘

1. You are running a business with turnover less than $50M
2. Purchase an EV cost less than $84,916 after 1 July 2022

Unlike other petrol or diesel cars that would trigger FBT for private usage, the ATO allows you to consider your EV as 100% business car although you drive it for personal purpose. 👏👏👏

#taxaccountantaustralia #capitalgainstax #propertyinvestment #propertytaxexpert #savetax #negativegearing #depreciation #propertyequity #tesla #electriccar #fbt #fbtexemption #taxsaving #smallbusinesstax
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And also increase your ever rising electricity bills to the point you won’t be able to afford to live. And also have to scrap the car after 5 years when the battery dies and you don’t have £15, 000-£25, 000 to replace it

OverIoad