Looking at getting a harley which will be 30k or so, im on 150k+ annually. Ive asked 1 or 2 providers and done some basic research most do not provide it but heard rumours of people doing it.
Any Options to Salary Sacrifice a Motorcyle
LGros21 on 09/06/2020 - 10:29
Comments
Last I checked, a motorcycle cannot be classified as a work vehicle unless within a certain industry.
If it cannot be a work vehicle, you probably won't be able to salary sacrifice as the company cannot tax deduct.
It's deffinitly a grey area. I have the cash there for the bike. Just heard rummors that the price is going to drop.
Or I'll just buy a dyna
May need to start working for an OMG for it to be a salary sacrifice
the ATO doesnt like motorbikes as work vehicles. You will likely get audited (asked my accountant about this and that was his advice)
How do we know that OP isn’t a bikie, and therefore a motorcyle is most definitely a work vehicle?
Potential Ozbargain resident bikie!
Buy high demand car, which holds its price well, on a 1 year lease, run minimal K's on it and flip at end of term for a profit to go towards your motorbike
Nah not a bikie nor am i buying a car on a 1 year lease, ill use cash if i have to.
Partner on 80-90k isn't keen to get a new car either so looks like ill just look at other ways to get my tax down.
Maybee i should just become a bikie least that way its tax free
Plenty of employees have salary sacrificed vehicles at my workplace (100's) but never seen or heard of anyone doing a motorcycle or commercial type vehicle.