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The Pub For General Automotive Related Talk |
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#1 | ||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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Hew guys ,Im looking at taking advantage of the the tax scheme for commercials vechicles . What im unshore of do these commercials need to be 09 built vechicles . An if possible could i still buy a bf super pursuit or pursuit that is still considerded brand new .
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#2 | ||
Ich bin ein auslander
Join Date: May 2005
Location: Loving the Endorphine Machine
Posts: 7,453
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09 is FG obviously, so you would be damn lucky to find a BF that has not had private rego now. Therefore next to no chance of finding one that could be considered brand new.
Do ex demo cars qualify as new for tax purposes?
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Growing old is compulsory, growing up is optional! |
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#3 | ||||
... Fear it!
Join Date: Apr 2007
Location: Adelaide
Posts: 2,869
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#4 | |||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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#5 | ||
FF.Com.Au Hardcore
Join Date: Oct 2006
Posts: 1,819
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they do when taking out a novated lease but for the government rebate im not sure
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#6 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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Nah.. To get the 50% investment allowance the car must be new, or an undriven demo, that is one sitting in the yard with minimal kms. If the dealership has registered teh car and depreciated it themselves then you can't claim the 50% investment allowance.
The last of the BFII unregistered pursuits went about May this year, Bryan Byrt Ford had the last of them.. Get yourself a GS ute...
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#7 | |||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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Quote:
I wish i could , but unfortunately fg utes do nothing for me |
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#8 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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Quote:
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#9 | |||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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#10 | ||
FF.Com.Au Hardcore
Join Date: Feb 2008
Posts: 875
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Hey snappy
i bought a 09 caprice and 09 FG XR8, with this tax benefit in mind, demo's can be claimed on still, we're about to get all our reports back from our accountant next week, so i'll only then find out how much we really saved, although once all worked out, it's not as huge as some of the ads make it out to be, or thats my understanding anyway ![]() Scotty
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#11 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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Quote:
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#12 | ||
FF.Com.Au Hardcore
Join Date: Jun 2009
Location: Melbourne
Posts: 1,584
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Yes, dealership demos are eligible, but only if they've been used for up to 3 months (so a BF would be too old) and a few other conditions. Its all on the ATO site
http://www.ato.gov.au/businesses/con....htm&page=4&H4
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BAII XR6 in SHOCKWAVE 5SP Manual | Sports Leather Seats | Premium Sound | Dual Zone Climate Control | Sunroof | Reverse Sensors | 18" XR8 Wheels | XR6T Exhaust | Lowered | XR6T Intake | GT Steering Wheel AUIII XR8 in NAROOMA BLUE Info to come soon! Last edited by GavL; 21-09-2009 at 08:53 PM. |
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#13 | |||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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Quote:
Not good , so basically it would have to be unregisterd and there be slim to no chance of that . |
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#14 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Is the 50% really that important. It is a tax deduction not a discount and all it means is that you bring it forward.
I suspect a BF2 Pursuit or SP with the standard GST refund and depreciation will cost you less actual money than a FG Pursuit or SP with the 50% |
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#15 | |||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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Quote:
Yeah boys the fg's are great but not everyone's cup of tea . I probly would do it if the coyote was under the hood but by that time the tax deal will be done and dusted. |
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#16 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Quote:
Ring every FPV/Ford dealer in Australia and ask, I know there is a brand new BF2 F6 sedan here in Hervey Vegas so you never know what is lurking at the smaller bush dealerships. |
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#17 | |||
Regular Schmuck
Join Date: Dec 2004
Posts: 5,640
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Quote:
I know a few guys I work with that went from company car to privately owned vehicle were shocked when their depreciation and running costs was a deduction and not a credit. They were expecting their running costs back in full instead of being claimed only as a tax deduction. |
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#18 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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There could be a dealer owned cobra ute out there too.. u never know some dealerships kept them in hope they would go up!
Is that F6 Red Flap?
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#19 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Quote:
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#20 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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Quote:
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#21 | ||
Off smelting
Join Date: Jan 2005
Location: boyne island
Posts: 1,035
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I've seen a super pursuit for sale and tropical ford in rockhampton thats still branded as new, Believe it is an ex-demo that they are having trouble moving. Not sure if it's been sold yet.
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#22 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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Quote:
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#23 | |||
Pro Street Au Ute
Join Date: Apr 2008
Location: Rocky QLD
Posts: 1,150
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Quote:
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#24 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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Quote:
Plus the colour lets it down!
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#25 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,939
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http://www.carsales.com.au/all-cars/...s=10&silo=1011
Link to the ute in question for anyone whos interested..
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