Depreciation Cost Limits (DCL)
A limit is placed on the first element of the cost of cars over a certain price. The car limit is indexed each year for inflation.
The rate used in the Depreciation worksheet is determined by the financial year in which the vehicle was purchased and the type of luxury vehicle:
Standard luxury vehicles
Luxury vehicles that are fuel efficient
If a vehicle was purchased for an amount exceeding the DCL for that year for the particular type of luxury vehicle, the opening adjustable value is based on the relevant cost limit.