AssetManager Pro - Car Depreciation Limits

AssetManager Pro - Car Depreciation Limits

Overview

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.



Limits


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
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