01/09/2026
Midweek myth.
"Buying a ute in March saves me tax."
It does save you tax. Just not the amount most people have in their head.
A $60,000 ute bought in March means you owned it for one month of the tax year, so you claim one month of depreciation. About $1,500 of claim, which is about $420 of actual tax at the company rate.
So you have spent $60,000 to save $420 this year. The rest of the deduction comes back to you over the following years, slowly.
If the business needs the ute, buy the ute. Just buy it because it earns you money, not because it is March.
Not sure whether yours is a want or a write off? Send us the tricky question. We like those.
Numbers are an example only. Rates and entitlements differ.