Should you buy your next car through your business?
In this video, Cotchy Partner Vishal Devle explains the key tax considerations when buying a car through a business, including depreciation, GST and fringe benefits tax (FBT).
He also looks at the current FBT exemption for eligible electric vehicles, the proposed changes from 2027, and why the price, timing and business use of a vehicle can affect the tax outcome.
Talk to Cotchy about the tax implications for your business.
Tax outcomes depend on individual circumstances, and professional advice should be obtained before acting.
