Why Buying a Car Could Cost You Tax

[@EthanRooshock]

Just want to stress again, make sure you speak to your accountant BEFORE you go out and purchase a new vehicle. It is so important to understand the tax implications this financial year!

[@write2esther]

Great explanation!

[@EthanRooshock]

Thank you!

[@AM-qk7ox]

Nice vid ethan. I thought the instant asset write off hasn't passed yet though??

[@EthanRooshock]

It is still going through parliament. Proposed to change it to $30K.

[@tysont2380]

So current legislated threshold is only $1000?​@@EthanRooshock

[@samatkambariya6652]

But ATO showing $20,000. In practical jobs...shall we consider 20 or 30?

[@EthanRooshock]

@@samatkambariya6652 What are practical jobs?

[@samatkambariya6652]

@@EthanRooshock I am practicing tax...so returns

[@KArtoaT]

🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽⭐️⭐️⭐️⭐️⭐️

[@EthanRooshock]

Thank you!