Cars with a higher value have a ceiling value assigned to them for the purposes of depreciation claims.
When applicable, the depreciation limit applies to cars, station wagons and four wheel drives.
There are exemptions associated with use of vehicles by or for, certain disabled persons, and hearses.
The value limits are indexed annually to the ‘motor vehicle purchase sub-group’ of the CPI.
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Ensuring Compliance! Which version do you need?
To ensure you are compliant with Depreciation Car Limits for the 2015-16 year you need to be running AssetManager Pro 2015 (v4). You can find more about that release here.
As of the 1st of July 2016 you will need to be running AssetManager Pro 2016 (v5) and you can find more about that release here.
Financial Year | Dep Cost Limit |
|---|---|
| 1985-86 | $26,660 |
| 1986-87 | $29,646 |
| 1987-88 | $34,775 |
| 1988-89 | $39,331 |
| 1989-90 | $42,910 |
| 1990-91 | $45,056 |
| 1991-92 | $45,462 |
| 1992-93 | $47,280 |
| 1993-94 | $48,415 |
| 1994-95 | $51,271 |
| 1995-96 | $52,912 |
| 1996-97 | $55,134 |
| 1997-98 | $55,134 |
| 1998-99 | $55,134 |
| 2000-01 | $55,134 |
| 2001-02 | $55,134 |
| 2002-03 | $57,009 |
| 2003-04 | $57,009 |
| 2004-05 | $57,009 |
| 2005-06 | $57,009 |
| 2006-07 | $57,009 |
| 2007-08 | $57,123 |
| 2008-09 | $57,180 |
| 2009-10 | $57,180 |
| 2010-11 | $57,466 |
| 2011-12 | $57,466 |
| 2012-13 | $57,466 |
| 2013-14 | $57,466 |
| 2014-15 | $57,466 |
| 2015-16 | $57,466 |
| 2016-17 | $57,581 |
2017-18 | $57,581 |