Elders clothing Pty Ltd is considering buying a new motor vehicle that is 100% for business for one of the staff (ignore FBT implications). The vehicle will cost $60000 inc GST and will be brought in April 2021. Ignore FBT implications and assume that Elders Clothings Pty Ltd is an SBE taxpayer.

How this would be treated for tax?

Answer rating: 100% (QA)

If Elders Clothing Pty Ltd purchases a new motor vehicle that is 100 for business use for one of its ... View the full answer