Can You Get a Range Rover Tax Write-off?

When you’re running your own business, you need to look for every opportunity that can save you money and allow you to invest your savings back into your business. Some business owners are surprised to learn they may be eligible for a Range Rover tax write-off when they pick out a new SUV here at Land Rover Flatirons. Here’s what you need to know.

What Is the Section 179 Deduction?

The Section 179 deduction allows business owners to write off some of the costs of the equipment that they use for their business. Vehicles can be included in this type of write-off, and many of our models can qualify.

Any Land Rover and Range Rover models that are over 6,000 lbs would be considered “heavy” for the purposes of this deduction, meaning that up to $30,500 of the purchase prices can be deducted from your taxes. There is also a deduction for some of the depreciation, but – as with any decision having tax implications – we strongly suggest confirming with an accountant or preparer to ensure all your ducks are in a row.

Are There Limits to a Range Rover Tax Write-Off?

Of course, there are limits to this kind of write-off, but the average solopreneur or small business owner is unlikely to encounter them. The total deduction limit for Section 179 expenses in 2024 is just over $1.2 million. There is also a limit on tax write-offs for business equipment in general.

Find a New Range Rover SUV Near Boulder, CO

If you’re in the market for a new SUV for your business, contact our Range Rover dealership near Boulder, CO. We can answer your questions about Section 179 and our latest luxury vehicles.