ato luxury car limit

The ATO luxury car limit is a threshold used to determine the maximum cost of a car on which you can claim depreciation or fringe benefits tax concessions. As of the latest figures, the luxury car limit is approximately $71,849 AUD (excluding GST and luxury car tax). Cars priced above this limit attract additional tax liabilities, so if you're eyeing that shiny new Benz or BMW, keep this figure in mind to avoid nasty surprises in your tax bill.

Used cars are valued differently, and the luxury car limit applies to the cost price, so checking platforms like Tradingpost or CarShowroom can help gauge market prices relative to this threshold.