Julie deals a new vehicle with a total selling price of $92,747.53 including LCT. The buyer is registered for GST and uses the vehicle 100% for business, what input tax credit will they be able to claim? The input tax credit is limited to 1/11 of the Depreciation cost limit. (2023 Limit $64741)

Answer rating: 100% (QA)

To calculate the input tax credit that the buyer will be able to claim we need to ... View the full answer