Land Rover for Your Business
Land Rover Tax Advantage
Land Rover Tax Advantage
When your business is your livelihood, every advantage your vehicle can offer you makes a difference. That’s why your next vehicle should be one from our Land Rover lineup at Jaguar Land Rover Sarasota because we are excited to offer Land Rover Tax Advantage.
Since many of our vehicles have Gross Vehicle Weight Ratings (GVWR) greater than 6,000* pounds, they can be fully depreciated in the first year of ownership when used for business 100% of the time, giving you the freedom to spend on the things that matter most. Take advantage of an accelerated tax depreciation schedule to help increase your company’s bottom line.
Criteria For Qualifying Vehicles
Vehicles classified as “heavy” can receive a tax deduction under Section 179 up to $28,900. In 2023, the bonus depreciation rate is 80%. The vehicle must be used for business purposes, and it must be purchased and placed into service within the tax year. When claiming the Section 179 deduction, it is advisable to consult with a tax professional or vehicle valuation expert who can accurately assess the vehicle’s value and ensure compliance with IRS guidelines.
Get Started Today
Enjoy the rewards of an impressive tax advantage. Fill out the form below and get started today with Jaguar Land Rover Sarasota.
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*The Range Rover, Range Rover Sport, Discovery, Defender 110 and Defender 130 have gross vehicle weight ratings (GVWR) greater than 6,000 pounds and are classified as heavy SUVs. As such, these vehicles can be fully depreciated in the first year of ownership when used for business 100% of the time. GVWR is the manufacturer’s rating of the vehicle’s maximum weight when fully loaded with people and cargo. Visit Jaguar Land Rover Sarasota for details.
**Individual tax situations may vary. Information accurate at time of publishing. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your business.
