Utes used for work or business purposes will create tax deductions such as depreciation, lease payments, fuel, repairs, insurance, cleaning, and registration. The percentage of these expenses that are tax deductible will depend on the ute’s business or work use percentage.
Australia’s top 10 trade utes are:
- Toyota Hilux – Australia’s best selling ute for the last 17 years.
- Ford Ranger
- Holden VF Ute
- Mazda BT 50
- Toyota Landcruiser 70 series.
- Volkswagen Amarok
- Mitsubishi Triton
- Ford Falcon Ute
- Nissan Navara
- Isuzu D-Max