01 Jul 088 Income tax: car limit for 2008-09 - TD 2008/17On 30 June 2008, the ATO issued Taxation Determination TD 2008/17. Its full title is "Income tax: what is the car limit for the 2008-2009 financial year?" The car limit for the 2008-2009 financial year is $57,180. The car limit is used to work out decline in value deductions of certain cars under the income tax law.
For a copy of TD 2008/17, go here