Aussies: Rebate of any kind?

Willknott · 10-06-2009, 05:17 AM

So i'm a Prius owner! I never ever thought I would say it but I am!

I'm living in Sydney, Australia and have heard on the grape-vine that I might be able to claim a rebate?

Does anyone know if this is true or not?

Would like any help if poss!

pinzvidz · 10-06-2009, 05:56 AM

Not that I've heard of. The only thing we benefit from in QLD is 2% stamp duty (hybrids only). Everything else is 3% (4cyl non-hybrid) or higher.

Edit: Sorry, I didn't need to quote all of that text, lol.

sandsw · 10-06-2009, 08:32 PM

Hi Willknot,

The government is currently offering a rebate to businesses of up to 50% on asset purchases. You have probably seen this mentioned in various car advertisements.

The rules are thus:

The total value of the car must be under the luxury car thresh-hold ($57K+) - The i-tech is just under this.

The percentage one can claim is a function of the business usage of the car.

The example I was given is: Assume the car costs $60K and it has a 50% business usage. This means you can claim 50% of $57K or $28,500.

I believe the purpose was to allow the business to depreciate the car faster. How this affects depreciation in subsequent years is somewhat unclear at the moment.

Hope this helps,
Warwick

PS I pick up my new Prius 9th Nov - can hardly wait.

10-06-2009, 05:17 AM	#1
Willknott Junior Member Join Date: Oct 2009 Location: Sydney Posts: 1 My Car: 2008 Prius Model: N/A Package: I-Tech Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Aussies: Rebate of any kind? So i'm a Prius owner! I never ever thought I would say it but I am! I'm living in Sydney, Australia and have heard on the grape-vine that I might be able to claim a rebate? Does anyone know if this is true or not? Would like any help if poss!

10-06-2009, 05:56 AM	#2
pinzvidz Member Join Date: Aug 2009 Location: Australia Posts: 64 My Car: Other Non-Hybrid Model: N/A Package: N/A Thanks: 2 Thanked 10 Times in 9 Posts Friends: 0	Re: Aussies: Rebate of any kind? Not that I've heard of. The only thing we benefit from in QLD is 2% stamp duty (hybrids only). Everything else is 3% (4cyl non-hybrid) or higher. Edit: Sorry, I didn't need to quote all of that text, lol. Last edited by pinzvidz; 10-06-2009 at 08:21 AM.

10-06-2009, 08:32 PM	#3
sandsw Member Join Date: Feb 2007 Location: Sydney Australia Posts: 36 My Car: 2010 Prius Model: V Package: I-Tech Thanks: 8 Thanked 6 Times in 4 Posts Friends: 0	Re: Aussies: Rebate of any kind? Hi Willknot, The government is currently offering a rebate to businesses of up to 50% on asset purchases. You have probably seen this mentioned in various car advertisements. The rules are thus: The total value of the car must be under the luxury car thresh-hold ($57K+) - The i-tech is just under this. The percentage one can claim is a function of the business usage of the car. The example I was given is: Assume the car costs $60K and it has a 50% business usage. This means you can claim 50% of $57K or $28,500. I believe the purpose was to allow the business to depreciate the car faster. How this affects depreciation in subsequent years is somewhat unclear at the moment. Hope this helps, Warwick PS I pick up my new Prius 9th Nov - can hardly wait.

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