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Car depreciation limit for business - what is claimable?

Discussion in 'Accounting, Tax & Legal' started by Tesla, 19th Apr, 2017.

  1. Tesla

    Tesla New Member

    Joined:
    19th Apr, 2017
    Posts:
    1
    Location:
    Melbourne
    Just to confirm the limit on expense claims is only for depreciation (on $57.5K approx)?
    I can claim all finance costs (eg loan interest, etc)?
    What happens if the actual depreciation is far less than the 25% diminishing balance allowed - I guess that only comes out when the car is sold?