Tax Facts
Motor Vehicle Depreciation Cost-Limit
Since 1980, the depreciation deduction for cars has been limited by a deemed maximum cost price depending on the year in which the car was acquired.
| Income Year |
Depreciation Cost Limit |
|---|---|
2002 |
55,134 |
2003 |
57,009 |
2004 |
57,009 |
2005 |
57,009 |
2006 |
57,009 |
2007 |
57,009 |
2008 |
57,123 |
2009 |
57,180 |
2010 |
57,180 |
