Commercial Motor Vehicle & GST, Depreciation, FBT, LCT and Log Book Treatment Calculator

This calculator answers the ultimate question – when is a car a car? In recent years, it has become more and more difficult to determine if a vehicle is in fact a car. Created in accordance with various rulings and announcements by the Australian Taxation Office (ATO), this calculator will save you an enormous amount of time to work out if a car is in fact a car. Answers just SEVEN questions and it will give you the answers. 

It is quick, simple and easy and it has the following features:

1. It calculates the Tare Weight of a vehicle, the kerb weight and the payload,
2. Based on the payload, it outlines very clearly if the vehicle is a commercial vehicle or not,
3. It outlines very clearly whether you can claim the full amount of the Goods and Services Tax (GST) or if it is subject to the GST cost limit,
4. It outlines very clearly whether you can claim depreciation based on the full GST exclusive cost of the vehicle or again, if it is subject to the GST cost limit,
5. It outlines very clearly whether the vehicle is subject to Fringe Benefits Tax (FBT) or if it is an exempt vehicle,
6. It outlines if the vehicle is subject to the Luxury Car Limit (LCT), 
7. It outlines if the owner needs to keep a Log Book, 
8. It outlines if the driver needs to complete a minimum use Declaration and 
9. It allows you to enter hyperlinks to source documents.

This calculator will also specifically deal with Dual Cabs and Twin Cabs and more recently Dodge RAM’s. Use it over and over again for your clients to determine where you client stands with GST, Depreciation, FBT, the LCT and the requirements to keep a log book and complete a minimum use Declaration.