External
Policy
If the GST inclusive market value of the motorcycle or replacement part does not exceed the ‘car limit’, then:
- the rebate will be equal to 1/11 of the total value of the motorcycle or replacement part.
If the GST inclusive market value of the motorcycle or replacement part does exceed the ‘car limit’, then
- the rebate will be equal to 1/11 of the ‘car limit’.
Note: the 'car limit' (also referred to as the car depreciation limit), is specified in subsection 40-230(3) of the Income Tax Assessment Act 1997 (as a guide, the 2022-23 financial year was $64,741). The car limit is reviewed each financial year and may change.