2022 motor vehicle cost limit Page 6

Chasing the ATO’s car depreciation cap? For Australia, the motor vehicle “car limit” was AUD $60,733 for 2021–22 and AUD $64,741 for 2022–23. That’s the maximum cost you can use to calculate depreciation on a car; spend more if you like, but the taxman stops counting at the limit. It’s not the Luxury Car Tax threshold, and it doesn’t cover on-roads like rego or insurance. In other words, sensible cap, slightly less sensible prices. Consult official documentation for exact figures.