5 years ago
Asset Register
Motor vehicles subject to the Luxury Car Threshold: when eligible for an immediate write off for tax purposes we lose the ability to tick motor vehicle and enter the cost limit. This frustratingly means we must remember that the cost needs to be entered at the cost limit vs actual cost (to ensure actual cost isn't written off in full). Potential issues down the track with calculations on sale of the motor vehicle. Does anyone have a solution for this?
Thanks.